Supreme Court Reviews Trump’s Attempt to Remove Fed Governor Lisa Cook

The U.S. Supreme Court is reviewing former President Trump's attempt to remove Federal Reserve Governor Lisa Cook, who faces unproven mortgage fraud allegations she denies. A lower court blocked her firing, citing due process rights and questioning the sufficiency of the allegations as cause under the Federal Reserve Act, which protects Fed independence by limiting removal to "for cause." Trump's legal team argues the allegations justify removal, while Cook's lawyers contest this, highlighting the case's significance for central bank autonomy.