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Trump renews bid to fire Fed governor Lisa Cook despite supreme court ruling
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NEWSDECK ANALYSIS
The Federal Reserve, also known as the Fed, is the central bank of the United States, responsible for setting monetary policy and regulating the country's financial system. The Fed's governors are appointed by the President and confirmed by the Senate, and are typically expected to serve fixed terms to ensure the bank's independence from political interference. This ruling has significant implications for the balance of power between the executive branch and the Federal Reserve, and could impact how future presidents interact with the central bank.
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Guardian Business
Trump renews bid to fire Fed governor Lisa Cook despite supreme court ruling
White House continues to target Cook despite decision from justices that upheld Federal Reserve’s independence
Donald Trump is attempting once again to oust the US Federal Reserve governor Lisa Cook over allegations of mortgage fraud, despite a recent US supreme court decision that upheld the central bank’s independence.
Cook reportedly received a letter from the White House this week that provided notice, in accorda…
7 Aug, 18:47
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