Court weighs limits on presidential removal power in Cook Fed case

The Supreme Court heard arguments over whether President Trump can remove Federal Reserve Governor Lisa D. Cook for cause, with justices weighing due process, the Fed’s independence, and what counts as “cause.” While justices signaled caution about altering Fed autonomy, they appeared inclined to decide narrowly and likely send the case back to lower courts for a fuller factual record, potentially keeping Cook in her post during proceedings.