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🚨 U.S. Supreme Court Blocks Trump’s Bid to Remove Fed Governor Lisa Cook
▪️ The Supreme Court ruled 5-4 to keep Lisa Cook on the Federal Reserve Board while the legal battle continues.
▪️ The majority said presidents cannot remove Fed governors without proper legal review, preserving the Fed’s independence.
▪️ The decision leaves Trump without a majority on the Fed as pressure over interest rate policy grows.
👀 Markets are now watching whether the ongoing case and rising rate hike expectations will reshape the Fed’s future.