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Supreme Court takes up politically charged case with independence of the Federal Reserve at stake

WASHINGTON (AP) — President Donald Trump's unprecedented bid to reshape the Federal Reserve board is putting the Supreme Court in a familiar position, weighing an emergency appeal from the president’s lawyers in a politically charged case. The court is hearing arguments Wednesday over Trump's effort to oust Federal Reserve governor Lisa Cook based on allegations she committed mortgage fraud, which she denies. No president has fired a sitting Fed governor in the agency’s 112-year history...

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