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Economy

US Supreme Court sceptical of Trump bid to fire Fed Governor Lisa Cook

The US Supreme Court has expressed skepticism regarding Donald Trump's attempt to dismiss Federal Reserve Governor Lisa Cook, indicating that such action could compromise the independence of the central bank. During the hearings, justices from both sides of the ideological spectrum voiced concerns about presidential powers in this context.

Reuters

Reuters

Credit: Lisa Cook. Image-

Key Highlights

  • Supreme Court questions Trump's bid to fire Fed Governor Lisa Cook.
  • Concerns raised about undermining Federal Reserve independence.
  • Justices from both ideological sides express skepticism.
  • Oral arguments lasted nearly two hours.
  • Trump's request follows a lower court's decision.
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Sources

  1. US Supreme Court sceptical of Trump bid to fire Fed Governor Lisa Cook

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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