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The request represents an extraordinary effort by the White House to shape the board before the Fed's interest rate-setting ...

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.

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The ruling by the U.S. Court of Appeals for the District of Columbia Circuit means Cook can participate in the Federal Reserve’s policy meeting, which starts on Tuesday.