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The Economic Times
The Economic Times

US Supreme Court says Fed's Cook can keep her job for now, but it upholds other Trump firings

WASHINGTON: The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump's firings of the heads of independent federal agencies with one important exception: the Federal Reserve.

The justices allowed Fed governor Lisa Cook to stay in her job while she fights the Republican president's effort to fire her over allegations of mortgage fraud, which she has denied.

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