The Supreme Court will on Wednesday hear arguments over Donald Trump’s bid to fire Federal Reserve governor Lisa Cook, in a case with far-reaching implications for US central bank independence.
The hearing comes after Trump moved to fire Cook in August over accusations she committed mortgage fraud, which she denies. It marked the first time a president has attempted to remove a Fed governor.
A federal judge halted the move while litigation was pending, a decision that was later upheld by an appeals court. The top US court later blocked Trump’s attempt to sack Cook until it had heard oral arguments in the case.
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