Federal Reserve governor will keep job for now despite Trump’s bid to remove her

The GuardianWednesday, October 1, 2025 at 4:03:52 PM
Federal Reserve governor will keep job for now despite Trump’s bid to remove her
The Supreme Court has decided to defer action on President Trump's request to remove Lisa Cook from her position at the Federal Reserve, at least until it hears oral arguments on the case. This decision is significant as it highlights the ongoing tensions between the executive branch and independent financial institutions, and it underscores the importance of judicial review in maintaining checks and balances within the government.
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