US Supreme Court rejects Trump's unprecedented bid to fire Fed's Cook

In a significant constitutional decision, the US Supreme Court has blocked President Trump's effort to remove Lisa Cook from her position as Federal Reserve governor. According to Channel NewsAsia, Chief Justice John Roberts affirmed in the opinion that Fed governors may be removed only for cause, establishing that the president lacks the authority to unilaterally fire board members. The ruling reinforces the Federal Reserve's institutional independence from executive control.

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