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October 2, 2025

Supreme Court Rejects Trump's Efforts to Fire Federal Reserve Governor - For Now
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The Supreme Court declined President Trump's bid to remove Lisa Cook
from the Federal Reserve Board of Governors Wednesday. The court issued
a two-sentence order, stating that it will hear arguments about Cook's
position in January. All former Federal Reserve chairs and former
Treasury secretaries nominated by both parties had warned the court that
removing Cook would undermine the independence of the Federal Reserve.

Meanwhile, the White House has withdrawn the nomination of E.J. Antoni
to lead the Bureau of Labor Statistics. Antoni is chief economist at the
conservative Heritage Foundation. In August, Trump tapped him to replace
the previous commissioner, whom Trump fired over revised jobs numbers.


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