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Tampering with the Federal Reserve's independence proved to be a bridge too far.
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A few dissenters cautioned that the majority didn't allow the legal case over the president's effort to fire the Fed governor Lisa D. Cook to play out in the lower courts.
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The president promised to "take appropriate action immediately" against Lisa D. Cook, a Fed governor.
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The decision is a setback for Trump, who alleged that Lisa Cook committed mortgage fraud and has complained that the Fed is not dropping interest rates quickly enough.
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