Trump Seeks Supreme Court Approval to Remove Fed Governor Lisa Cook

1 min read
Source: AP News
Trump Seeks Supreme Court Approval to Remove Fed Governor Lisa Cook
Photo: AP News
TL;DR

The Trump administration has petitioned the Supreme Court for an emergency order to remove Lisa Cook from the Federal Reserve's board, challenging a federal judge's ruling that her removal was likely illegal. Cook, appointed by President Biden, has refused to leave her post, and the case highlights unprecedented efforts by the Trump administration to influence the Fed's independence.

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