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US Supreme Court Rejects Trump's Bid to Fire Fed's Cook
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The US Supreme Court has rejected President Trump's bid to fire Federal Reserve Governor Lisa Cook. The court blocked Trump's attempt to become the first President to remove a Fed official since Congress created the central bank in 1913.
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US Supreme Court Rejects Trump's Bid to Fire Fed's Cook
The US Supreme Court has rejected President Trump's bid to fire Federal Reserve Governor Lisa Cook. The court blocked Trump's attempt to become the first President to remove a Fed official since Congress created the central bank in 1913. The decision is seen as a significant victory for the Federal Reserve's independence and a setback for Trump's efforts to exert control over the central bank. The court's ruling is a 5-4 decision, with the majority opinion written by Justice Roberts.
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