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Federal Reserve governor Lisa Cook at Supreme Court oral arguments in January. Photo: Kevin Dietsch/Getty Images
On the surface, Monday's Supreme Court ruling that keeps Lisa Cook in place as a Federal Reserve governor for now was a win for believers that the central bank works best when insulated from the day-to-day control of the president. The details aren't so clear.
The big picture: The court punted on several key questions that will determine how much ability President Trump and his successors have to fire Fed governors.
