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Supreme Court Denies Trump Bid to Immediately Fire Fed's Lisa Cook

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The US Supreme Court on Monday upheld a federal court's injunction preventing President Donald Trump from firing Federal Reserve Governor Lisa Cook before the conclusion of litigation.

"To be clear, the ultimate question of whether the President can remove Cook for cause will depend in part on the underlying facts," Chief Justice John Roberts said in his written opinion of the court. "In this opinion, we have not addressed the facts, as they have yet to be found or analyzed under the relevant legal standards. Rather, we have simply addressed the parties arguments about the appropriate legal standards under which the facts must be evaluated. The application for a stay is denied."

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