Reported about 7 hours ago
Federal Reserve Governor Lisa Cook is appealing to a U.S. court to deny the Trump administration's efforts to dismiss her from the Fed board. In her argument, Cook's lawyers emphasize that the administration has not provided valid reasons for her removal and warn of significant risks to the economy if such action is permitted, particularly concerning the independence of the Federal Reserve. Upcoming decisions surrounding interest rates could be influenced by the resolution of this legal battle.
Source: YAHOO