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The U.S. Supreme Court heard arguments on President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook. Multiple reports indicate the justices appeared skeptical or reluctant to allow such a removal by presidential fiat.
At issue is whether a president has the unilateral authority to remove a sitting Federal Reserve governor. The case stems from Trump's effort to oust Cook, who was appointed to a 14-year term on the Fed's Board of Governors.
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