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Supreme Court Defends Fed Independence | Edmonton News
The Supreme Court just sided with Lisa Cook, the first Black woman to lead the Federal Reserve, blocking Donald Trump’s attempt to fire her — a major win for institutional independence. The court ruled that presidents can’t remove Fed governors without cause, reinforcing that the central bank must remain insulated from political pressure. Cook, who spent heavily on legal fees, hailed the decision as vital to protecting America’s economic stability. But the ruling comes with a twist: in a separate case, the Court allowed Trump to remove a FTC official, signaling a confusing and potentially…
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