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Topic: fed-independence

The United States Supreme Court building at dusk
Economy
Monday, 6/29, 02:43 PM

Supreme Court Lets Fed's Lisa Cook Stay as Trump's Removal Bid Continues

  • The US Supreme Court ruled 5-4 that President Trump cannot, for now, remove Federal Reserve Governor Lisa Cook, letting her keep her seat while her legal challenge proceeds.
  • Notably, the Court carved out the Fed for special protection even as it expanded a president's power to fire other agency officials — a closely watched test of central-bank independence.

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