Court Saves Fed From Trump

Описание: #economyarchive
The U.S. Supreme Court ruled in a 5-4 decision that President Donald Trump cannot fire Federal Reserve Governor Lisa Cook for now, delivering a major reprieve to the central bank’s independence. Chief Justice John Roberts wrote for the majority, joined by Justice Brett Kavanaugh and the three liberal justices, rejecting Trump’s claim of authority to remove Cook over alleged mortgage fraud. The ruling preserves Fed independence in a closely watched showdown between the White House and the institution responsible for U.S. monetary policy and interest-rate decisions.

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