US Supreme Court rejects Trump bid to fire Fed's Cook but expands presidential powers

The US Supreme Court refused on Monday to let Donald Trump fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank's cherished independence against an unprecedented challenge by the Republican president.

The court, in a 5-4 ruling, blocked Trump from removing Cook for now, providing a safeguard for the Fed specifically, even as it boosted the president's power over government in a separate landmark ruling on Monday.

In that ruling, involving ‌Trump's dismissal of a ...