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Supreme Court Defends Fed Independence | Lansing News
The Supreme Court just ruled 5-4 that President Trump couldn’t fire Lisa Cook, the first Black woman on the Federal Reserve, without a valid reason — a major win for institutional independence. The court rejected Trump’s attempt to remove her over mortgage fraud allegations she denied, saying such a move would undermine the Fed’s critical role as a politically insulated economic watchdog. Chief Justice Roberts emphasized that allowing presidential firing at will would erode the Fed’s protections and turn it into a political pawn — a dangerous precedent that the Court firmly rejected. Support…
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