Source: Politico
“The Supreme Court on Wednesday appeared deeply skeptical of President Donald Trump’s claim that he can abruptly fire Federal Reserve board member Lisa Cook for alleged misconduct without giving her a forum to contest the allegations. Several justices underscored the historical significance of the Fed’s independence from presidential control and pressed Trump’s Solicitor General D. John Sauer about his claim that removing Cook from her position required urgent action, rather than a review of unproven mortgage fraud allegations leveled by Trump and his housing czar. Citing those fraud allegations, Trump purported to fire Cook last year. But Cook has remained in her position, winning legal battles at both the U.S. District Court in Washington, D.C. and the D.C. Circuit Court of Appeals. The justices agreed to allow those rulings to remain in effect until they had a chance to weigh the Trump administration’s emergency appeal.” (01/21/26)
https://www.politico.com/news/2026/01/21/supreme-court-lisa-cook-federal-reserve-00739231