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Supreme Court rules Trump cannot fire Fed member Lisa Cook

August 10, 2026
in Market & News
Reading Time: 1 min read
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The Supreme Court is rejecting President Trump’s attempt to fire Federal Reserve board member Lisa Cook, but did grant him more power over other independent federal agencies in a separate decision. NBC News’ Laura Jarrett reports on the two rulings and how the justices differed in their views of the president’s authority.

For more context and news coverage of the most important stories of our day, click here:

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