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Lawyers for the administration told a court it should be "highly deferential" to the president when it comes to firing a Federal Reserve governor "for cause."
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President Trump's effort to oust the Federal Reserve governor has kicked off a landmark legal battle, one that will have far-reaching consequences for the institution's independence.
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Lisa Cook, who has not been charged with a crime, sought to retain her position, arguing her firing was "unprecedented and illegal."
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