The court battle over the future of the Federal Reserve begins today

At 10 a.m. ET, a federal court in Washington, D.C. will hear a case regarding Lisa Cook’s removal from the Federal Reserve, which has implications for the Fed’s independence and future leadership. Cook’s lawsuit argues that her removal is unlawful and based on unsubstantiated allegations of mortgage fraud, while a ruling in favor of Trump’s administration could reshape the Fed’s rate-setting committee.

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