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Supreme Court blocks Trump’s bid to fire US Federal Reserve’s Lisa Cook
Supreme Court blocks Trump's attempt to fire Fed governor Lisa Cook over unproven mortgage fraud allegations
AI Summary
The Supreme Court ruled that President Donald Trump’s attempt to remove Federal Reserve Governor Lisa Cook was blocked. The decision expands presidential authority over the heads of independent federal agencies, but the Fed is exempted. Trump’s prior firings of other agency leaders were upheld, while Cook’s position remains secure. The ruling confirms the Fed’s independence from executive dismissal.
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