Cook Stays At Fed But Trump Wins Power Over Other Agencies

A closely divided US Supreme Court said Fed Governor Lisa Cook can stay in her job while she fights Trump’s bid to oust her. The ruling reinforced the Federal Reserve’s independence from the White House, for now. Maria Eloisa Capurro… A closely divided US Supreme Court said Fed Governor Lisa Cook can stay in her job while she fights Trump’s bid to oust her. The ruling reinforced the Federal Reserve’s independence from the White House, for now. Maria Eloisa Capurro reports. (Source: Bloomberg)