Trump Seeks Supreme Court Approval to Fire Fed Governor Lisa Cook Amid Rate Cut Decision

The TRUMP administration has escalated its unprecedented effort to remove Federal Reserve Governor Lisa Cook, filing an emergency request with the Supreme Court to overturn a lower court's restraining order. This move follows a 25-basis-point rate cut by the Fed, which Cook supported.

Legal experts view this as a constitutional showdown over presidential authority versus central bank independence. The Justice Department framed the case as "improper judicial interference" with Trump's executive powers, while Cook faces allegations of mortgage fraud related to dual property claims.

Market implications remain uncertain as the confrontation unfolds. The DC Circuit Court's 2-1 decision to maintain the stay suggests DEEP divisions about the limits of presidential power over monetary policy appointments.