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Supreme Court Defends Fed Independence | Greenville News
The Supreme Court just sided with Lisa Cook, a Federal Reserve board member, blocking President Trump’s attempt to fire her — a first in the Fed’s 112-year history. Trump claimed she was guilty of mortgage fraud, but Cook denies it, saying his real beef was her refusal to slash interest rates. The Court ruled the president didn’t give her a fair chance to defend herself, upholding the Fed’s independence and reinforcing that board members can’t be removed without due process. While the legal battle over what “cause” means continues, Cook stays on the board — and the Fed remains shielded from…
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