Washington | President Donald Trump has asked the US Supreme Court to let him fire Federal Reserve governor Lisa Cook while she fights his attempt to oust her, pulling the justices into a high-profile legal battle with major implications for the US central bank’s independence.
The Justice Department asked the court on Thursday (Friday AEST) to at least temporarily pause a Washington federal judge’s ruling that has allowed Cook to remain in her position for now. The emergency request came after the Fed held its most recent meeting earlier this week, which Cook participated in.
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Bloomberg