Supreme Court blocks Trump from firing Kook
The U.S. Supreme Court prevented President Donald Trump from dismissing Federal Reserve Board member Lisa Cook, citing allegations related to real estate fraud. The court confirmed that the president does not have the right to remove members without just cause. The ruling was issued by a majority of 5 to 4, with Cook accompanied by a statement supporting the independence of the board in making economic decisions. Her dismissal attempt had been made last August, following accusations from Trump regarding false claims about her real estate holdings.
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