Supreme Court to Weigh Trump's Influence on Fed
As the Supreme Court is deciding whether President Donald Trump's sweeping tariffs are legal, the justices on Jan. 21 will take up his other major attempt to assert unprecedented control over the U.S. economy.
Although it's not unheard of for presidents to pressure the Federal Reserve over monetary policy, Trump is the first president to attempt to remove a member of the central bank's board.
The court's consideration of whether Trump can bounce Lisa Cook from the seven-member board comes as the political and financial worlds are still reeling from the...
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