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Bloomberg

Cook Stays At Fed But Trump Wins Power Over Other Agencies

Monday, June 29, 2026


A closely divided US Supreme Court ruled that Federal Reserve Governor Lisa Cook can remain in her position while her legal challenge to Trump's removal effort proceeds. The decision addresses the scope of presidential removal powers over Federal Reserve officials. The case involves questions about the extent of executive authority over independent agencies.

Original reporting: https://www.bloomberg.com/news/videos/2026-06-29/cook-stays-at-fed-but-trump-wins-power-over-other-agencies

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