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Federal Reserve Act

Federal Reserve Governor Lisa Cook walks outside the U.S. Supreme Court, as Supreme Court justices consider U.S. President Donald Trump's effort to fire her, in Washington, D.C., U.S., January 21, 2026. REUTERS/Nathan Howard/File Photo
Jun 29, 2026

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

The U.S. Supreme Court blocked Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook, preserving the Fed's independence from presidential removal.

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