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The Supreme Court rejected President Trump's bid to remove Lisa Cook from the Federal Reserve Board of Governors, allowing her to remain in her post while legal proceedings over the attempted dismissal continue.
The ruling holds Cook's position intact pending a final court decision on whether the president holds authority to fire a sitting Fed governor.
What the Court Decided The Supreme Court's action is procedural, not a ruling on the merits.
The court blocked Trump's attempt to dislodge Cook on an emergency basis, leaving her in place while the case moves through the legal system.
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