SCOTUS weighs Trump’s bid to oust a sitting Fed governor

The U.S. Supreme Court will hear oral arguments on Donald Trump’s bid to fire Federal Reserve Governor Lisa Cook, the first such attempt in 112 years, with Cook remaining on the board after a lower court blocked removal. Appointed by Biden in 2022, Cook is at the center of allegations of mortgage fraud, while the case tests the balance between presidential power and the Fed’s independence. The broader context includes scrutiny of the Powell DoJ investigations, though Powell is set to attend the hearing in person as the dispute over the central bank’s governance unfolds.