#CNBC Trump administration asks Supreme Court to allow firing of Fed Governor Lisa Cook

Trump administration asks Supreme Court to allow firing of Fed Governor Lisa Cook
The Trump administration on Thursday asked the Supreme Court to lift lower court rulings that have blocked President Donald Trump from firing Federal Reserve Governor Lisa Cook.

The request came a day after Cook participated in a meeting of the Fed’s Federal Open Market Committee, which decided to cut its benchmark overnight lending rate by a quarter percentage point.

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