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Supreme Court Defends Fed Independence | Spokane News
The Supreme Court just struck down President Trump’s attempt to fire Fed Governor Lisa Cook, affirming the Federal Reserve’s independence and setting a crucial precedent: presidents can’t just remove Fed officials on a whim. The court ruled that removal requires “cause,” which Trump failed to prove — despite citing unproven mortgage fraud allegations. Cook, the first Black woman to serve as a Fed governor, argued the move was politically motivated, and the court sided with her. The decision reinforces the Fed’s long-standing role as a politically insulated institution, designed to make sound…
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