Supreme Court rules Trump cannot fire Fed Governor Lisa Cook for now

The Supreme Court blocked President Trump's effort to fire Federal Reserve Governor Lisa Cook, allowing her to keep her job while her lawsuit proceeds. According to CNBC, the ruling centers on a constitutional question: can the president remove Federal Reserve officials at will? Cook's legal challenge argues that firing her would undermine the Fed's independence from political pressure. The Court's decision preserves her position while the courts work through the separation-of-powers issue.

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