Supreme Court Examines Trump’s Attempt to Fire Fed Governor Lisa Cook

Lisa Cook's legal battle to prevent her removal from the Federal Reserve was heard in a Washington, D.C. court, with her seeking an emergency restraining order amid allegations of mortgage fraud by the Trump administration, which aims to remove her citing unsubstantiated claims. The case raises questions about the Fed's independence and the potential political influence on its board, especially as Trump seeks to reshape the institution's composition.