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Back in May, when the Supreme Court approved President Donald Trump’s decision to fire the leaders of once independent government agencies at his discretion, the conservative justices laid out one sole exception: The Federal Reserve, as the nation’s regulator of monetary policy, was to remain untouched. But this hasn’t stopped Trump from threatening to fire Fed Chair Jerome Powell and his board of governors—and his efforts reached a frightening, unprecedented breaking point this week.

On Monday evening, Trump posted a letter to Truth Social (naturally) addressed to Lisa D. Cook, a 2022 Biden administration appointee and the first Black woman to serve on the

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