The U.S. Court of Appeals has issued a ruling upholding Lisa Cook’s position as Federal Reserve governor. The court determined that President Trump’s efforts to remove her were procedural errors, not violations of law. The appellate board reviewed the legal challenges, finding that the President lacked the authority to initiate the removal process. Cook’s continued service is authorized under existing legal frameworks governing the Federal Reserve’s operations. The court’s decision reflects a stable and established system of governance within the Federal Reserve.
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