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The Economic Times

Global Business / The Economic Times

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

The Supreme Court has taken a significant stand for the Federal Reserve's independence, rejecting President Trump's unusual effort to remove Governor Lisa Cook. The ruling highlights that Fed officials are appointed for set terms and can only be dismissed under specific circumstances, ensuring the central bank remains free from political influence, a critical aspect of its economic responsibilities.

29 Jun 2026 8:48 pm