Supreme Court Refuses to Let Trump Oust Fed’s Cook for Now
The US Supreme Court has denied President Donald Trump's attempt to immediately remove Federal Reserve Governor Lisa Cook from her position. Cook is currently suing to keep her job, and the court's decision means she can remain in her role for now. This is a setback for Trump's efforts to exert more control over the Federal Reserve. The case highlights the ongoing tensions between the president and the central bank, as the administration seeks to influence its leadership and policies. The Supreme Court's ruling preserves the status quo, at least temporarily, as the legal battle over Cook's tenure continues. The decision underscores the independent nature of the Federal Reserve and the checks on the president's authority over the institution.
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