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Supreme Court Defends Fed Independence | US News
The Supreme Court just saved the Federal Reserve’s independence by blocking Trump’s attempt to fire Governor Lisa Cook — the first Black woman ever to serve on the Fed — in a landmark ruling that underscores the growing friction between the White House and the central bank over monetary policy. Trump claimed Cook was involved in mortgage fraud, but the court found his move was politically motivated and procedurally flawed, ensuring Cook stays in her role until 2038. This decision marks the first time since 1913 that a president has tried to remove a Fed official — and the court’s unanimous…
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