Supreme Court weighs Trump bid to fire Fed governor Lisa Cook

The Supreme Court will review President Donald Trump’s attempt to fire Federal Reserve Governor Lisa Cook on Wednesday — a consequential and closely watched case that could give Trump an unprecedented level of influence over the nation’s central bank. Lawyers for the Trump administration asked the high court last fall to stay a lower judge’s ruling that blocked Trump from immediately firing Cook from her post on the Federal Reserve’s Board of Governors until the court could consider a lawsuit she filed challenging her removal. The Supreme Court agreed to take up the case in October, but said Cook could remain in her post pending review — marking a rare instance in which justices on the conservative-majority court have rejected the administration’s request for emergency intervention.

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