The Federal Reserve on Tuesday said it would “abide by any court decision” that determines whether top official Lisa Cook can be removed by President Trump.Why it matters: Cook confirmed that she would sue after Trump fired her, setting up an unprecedented legal battle over the limits of presidential power when it comes to the Fed.What they’re saying: The Fed stopped short of addressing Cook’s status on the Board of Governors while her case makes its way through the courts.In a statement…
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