Washington —
Interest rates are in a good place to deal with persistently elevated inflation, Federal Reserve Governor Lisa Cook said Monday in her first public remarks since President Donald Trump said he had fired her.
Cook, appointed by former President Joe Biden and the first Black woman to serve as a Fed governor, is the first central bank official to ever be subject to a firing attempt. In a letter announcing her removal, Trump cited allegations of mortgage fraud, which still haven’t been taken to court. Cook sued Trump shortly afterwards, in what has become a landmark case on presidential power and Fed independence that will be decided next year by the Supreme Court.
The court rul
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