The Supreme Court has ruled to keep Lisa Cook on the Federal Reserve Board of Governors for now, but punted on key questions regarding a president's ability to fire Fed governors. The decision, a narrow 5-4 majority, left ambiguity about the standard for removal and the due process required. This ruling follows another decision that grants presidents broad latitude to fire heads of other independent agencies, signaling a potential skepticism towards insulating government bodies from presidential control. AI
RANK_REASON Supreme Court ruling on the independence of a federal agency. [lever_c_demoted from significant: ic=1 ai=0.1]
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