Supreme Court preserves Lisa Cook at Fed
The Supreme Court rejected President Donald Trump's attempt to fire Federal Reserve governor Lisa Cook, allowing her to remain on the board while she challenges his authority. The case examined whether a president can remove Fed members without cause, with the court emphasizing the Fed's independence and the legal protections preventing arbitrary removal. This decision limits Trump's ability to reshape the Fed through dismissals and underscores the central bank's role as an independent institution.
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