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Supreme Court affirms Cook and broadens dismissals
The U.S. Supreme Court upheld Lisa Cook's current status as a member of the Federal Reserve Board of Governors, affirming President Trump's right to remove her despite a law requiring a valid cause for dismissal. The ruling came in response to a lawsuit addressing the authority to dismiss members of independent agencies and clarifies that protecting such members from removal conflicts with the principle of separation of powers. The justices also noted that previous decisions limiting presidents' power to dismiss agency members date back 91 years, and the ruling aims to reduce political influence in appointments to independent agencies.
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