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US Supreme Court Blocks Trump From Firing Federal Reserve Governor
BBC News·Tuesday, 30 June 2026
The US Supreme Court blocked President Trump's attempt to remove Federal Reserve Governor Lisa Cook, in a decision described as a win for central bank independence. The court sent the fight over her removal back to the lower courts rather than resolving it finally.
Why It Matters
The Federal Reserve controls US interest rates, which ripple through global markets including India's. A politically controlled Fed could mean unpredictable rate decisions affecting Indian exports, the rupee, and foreign investment flows.
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