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…
