Fed independence test: US Supreme Court signals support for Lisa Cook, questions Donald Trump’s bid to remove her
The US Supreme Court appeared inclined to let Federal Reserve Governor Lisa Cook remain in office, questioning President Trump's attempt to fire her. Justices expressed concern that allowing the removal would undermine the Federal Reserve's independence. The court is considering whether Cook can stay in her post while legal challenges continue.
The US Supreme Court appeared inclined to let Federal Reserve Governor Lisa Cook remain in office, questioning President Trump's attempt to fire her. Justices expressed concern that allowing the removal would undermine the Federal Reserve's independence. The court is considering whether Cook can stay in her post while legal challenges continue.
