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central_bank

Trump renews effort to fire Fed’s Lisa Cook despite Supreme Court ruling

·South China Morning Post

US President Donald Trump is once again trying to remove Federal Reserve Governor Lisa Cook from her position. This move is significant because it challenges the independence of the central bank, which is responsible for setting interest rates and regulating the US economy. Trump's repeated attempts to fire Cook despite a Supreme Court ruling against him indicate his ongoing frustration with the Fed's policies and may signal further tension between the White House and the central bank.

Read the source report: South China Morning Post

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