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US Supreme Court stays termination of Federal Reserve governor pending oral argument

Summary by jurist.org
The US Supreme Court on Wednesday agreed to decide whether President Donald Trump can fire Federal Reserve Governor Lisa Cook, freezing the termination order until January 2026 oral arguments. Trump fired Cook in late August alleging that she falsified her mortgage statements. In a letter to Cook posted to Truth Social, Trump said: The Federal Reserve has tremendous responsibility for setting interest rates and regulating reserve and member bank…
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jurist.org broke the news in on Thursday, October 2, 2025.
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