US supreme court rules Trump’s firing of Lisa Cook from Fed was unconstitutional
by Lauren Aratani from US news | The Guardian on (#76MTX)
Justices find president does not have constitutional authority to fire Federal Reserve governor without cause
The US supreme court has refused Donald Trump's attempts to immediately fire a Federal Reserve governor, in a landmark ruling that limits a president's authority over the central bank.
In a 5-4 opinion, the court said that Lisa Cook can stay on as a governor while she fights unproven allegations of mortgage fraud made by the Trump officials.
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