Showdown Over Federal Reserve Independence: Trump's Legal Battle with Lisa Cook ...Middle East

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Showdown Over Federal Reserve Independence: Trumps Legal Battle with Lisa Cook
A crucial court hearing regarding President Donald Trump's attempt to dismiss Federal Reserve Governor Lisa Cook concluded without a decision, leaving Cook in her position for now. After two hours of arguments, U.S. District Judge Jia Cobb requested additional briefs to assess the legality of Cook's ousting—a case with significant ramifications for the Federal Reserve's autonomy in setting interest rates independently of political influence.

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