Supreme Court blocks Trump bid to fire Fed governor Lisa Cook

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The US Supreme Court blocked President Trump's attempt to fire Federal Reserve Governor Lisa Cook, allowing her to remain in her position while legal proceedings continue. Trump sought to dismiss the Biden appointee on August 25, 2025, via a Truth Social post. This ruling prevents the immediate removal of Cook, testing the central bank's independence from the White House and providing reassurance to markets regarding the autonomy of the Federal Reserve Board of Governors.
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