The Trump administration asked the Supreme Court to let it remove Fed governor Lisa Cook from the central bank’s board while a lawsuit challenging the president’s effort to fire her proceeds
NegativeU.S News

The Trump administration is seeking the Supreme Court's approval to remove Fed governor Lisa Cook from her position on the central bank's board while a lawsuit regarding her termination is ongoing. A lower court has already blocked her firing, highlighting the contentious nature of this legal battle. This situation is significant as it raises questions about the president's authority over independent financial institutions and could set a precedent for future actions against appointed officials.
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