Supreme Court mulls limits on firing Fed governor amid independence concerns
The Supreme Court signaled skepticism about Trump’s bid to fire Federal Reserve governor Lisa Cook for cause, questioning whether the move would undermine the Fed’s independence or set a dangerous precedent for political interference; Cook’s team argues there was no fraud and due process was lacking, while the White House says the filings justify removal. Several justices urged caution and lower‑court resolution on issues like whether pre‑appointment mortgage filings meet the “for cause” standard, highlighting the high-stakes implications for central-bank independence and economic policy.