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The decision comes just hours before the central bank’s next meeting begins.
The decision means that Cook can for now remain at the Fed ahead of its policy meeting this week where it is expected to cut U.S. interest rates to shore up a cooling labor market.
A U.S. appeals court declined on Monday to allow Donald Trump to fire Federal Reserve Governor Lisa Cook - the first time a president has pursued such action since the central bank's founding in 1913 ...
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