President Trump’s administration is appealing a federal judge’s ruling blocking the firing of Federal Reserve Governor Lisa Cook. Trump claims Cook committed mortgage fraud, but the judge says it’s not enough for removal. The case could end up in the U.S. Supreme Court, impacting the Fed’s independence in setting interest rates. Trump has demanded rate cuts, criticizing Fed Chair Powell. The law governing Fed governors’ removal is being tested, as no governor has been removed before. The Justice Department is investigating criminal mortgage fraud claims against Cook, who denies any wrongdoing. (Source: Reuters)

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