Supreme Court leans toward narrow ruling in Trump’s bid to oust Fed governor Lisa Cook

The Supreme Court signaled a likely narrow ruling on President Trump’s bid to remove Federal Reserve Governor Lisa Cook, potentially sending the case back to the lower courts for more fact-finding and avoiding a sweeping ruling on presidential removal powers or the definition of “for cause.” The court’s decision could come by June and may leave Judge Cobb’s injunction in place, with the broader questions postponed for another day.