Trump asks Supreme Court to remove Fed Governor Cook, testing central-bank independence
TL;DR
Trump's administration argued before the Supreme Court to remove Federal Reserve Governor Lisa Cook over alleged mortgage-fraud-related conduct, contending that such grounds can justify removal and that the Fed's independence could be overridden; lower courts had blocked Cook's removal while her challenge proceeds, and justices weighed due process and procedural questions about how an independent agency can be ousted.
- US Supreme Court hears arguments over Trump's bid to fire Fed's Lisa Cook Reuters
- Supreme Court case on Trump bid to fire Fed Governor Lisa Cook set for oral arguments CNBC
- Fed’s Independence in Flux as Supreme Court Weighs Lisa Cook’s Ouster The New York Times
- The Fed-firing case in three steps SCOTUSblog
- Bessent Says Powell Attending Supreme Court Hearing Is ‘Mistake’ Bloomberg.com
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