The U.S. Supreme Court appeared deeply skeptical that President Donald Trump could legally fire Lisa Cook from the Federal Reserve.
Justices on the country’s highest court heard oral arguments in the case before issuing a ruling that could have a dramatic impact on the president’s power and the independence of the Fed.
The case stems from Trump’s attempt to fire the Democratic-appointed board governor last August while accusing her of mortgage fraud as he sought to exert pressure on the Federal Reserve.
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