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Federal Reserve governor Lisa Cook said the White House has no legal basis to remove her from the central bank’s board after Trump renewed his threat. The fight is now about more than one seat; it is about whether the Fed can stay independent when the president wants obedience instead.
Why it matters: fed pressure
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Federal Reserve governor Lisa Cook said the White House has no legal basis to remove her from the central bank’s board after Trump renewed his threat. The fight is now about more than one seat; it is about whether the Fed can stay independent when the president wants obedience instead.
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