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Supreme Court Blocks Trump’s Fed Move | Durham News
The Supreme Court just halted Donald Trump’s effort to oust Lisa Cook, the first Black woman on the Federal Reserve Board, in a landmark move that underscores the Fed’s independence. Trump’s administration claimed Cook’s alleged mortgage misstatement was sufficient “cause” for removal — but Cook, who hasn’t been charged with any crime, says it’s a politically driven attack. With a decade left on her term, Cook remains in place for now, while the legal battle over what constitutes “cause” and the Fed’s insulation from presidential control heats up. This isn’t the final verdict — but it’s a…
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