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The Supreme Court ruled 5-4 Monday to block President Trump's removal of Federal Reserve Governor Lisa Cook, handing monetary policy independence its strongest judicial endorsement in decades — while simultaneously gutting century-old protections for most other independent agencies.
Chief Justice John Roberts, writing for the majority, argued that Congress insulated the Fed from presidential removal for good reason: keeping interest-rate decisions free of electoral politics.
Trump, who said he fired Cook citing alleged misstatements on her mortgage applications, now faces a narrower but potentially viable path to renew the effort.
Roberts Draws a Sharp Line Around the Fed The 5-4 majority — Roberts joined by Justice Brett Kavanaugh and the court's three liberal justices — stopped short of declaring Fed governors untouchable.
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