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Supreme Court Defends Fed Governor | Minneapolis News
The Supreme Court just blocked President Trump’s attempt to fire Federal Reserve Governor Lisa Cook, ruling 5-4 that the removal was invalid due to lack of due process — a major win for Fed independence. Chief Justice Roberts warned that allowing such firings would turn the central bank into a political pawn. While the court didn’t define what constitutes “cause,” it made clear the Fed’s role demands protection from political interference. Cook called the move politically motivated, not about mortgage documents, and hailed the ruling as a victory for evidence-based policy. Trump vows to keep…
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