12 Hrs
Source:
The Boston Globe
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Supreme Court Allows Fed’s Cook to Remain in Position
The Supreme Court has significantly expanded presidential authority to dismiss independent federal agency heads, ruling that presidents can fire agency officials without cause, except in the case of Federal Reserve governor Lisa Cook. The decision allows the president to remove Cook, a Biden appointee, at will, raising concerns about increased presidential power over independent agencies and potential impacts on the Federal Reserve's independence. Cook remains in her position while her legal challenge against her firing continues.
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