US Supreme Court rejects Trump’s unprecedented bid to fire Fed governor Lisa Cook

The US Supreme Court refused on Monday to let President Donald Trump ⁠fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank’s cherished independence against an unprecedented challenge. The court, in a 5-4 ruling, blocked Trump’s bid to become the first president to remove a Fed official since Congress created the central bank in 1913. In his second term as president, ⁠Trump has tested the limits of presidential power in numerous other ways as well. Conservative...