Trump Seeks Supreme Court Approval to Remove Fed Governor Cook in Unprecedented Move
President Donald TRUMP has escalated a legal battle that could redefine the boundaries of presidential authority over independent agencies. The U.S. Supreme Court is now weighing a request to allow the removal of Federal Reserve Governor Lisa Cook, marking the first such challenge to the Fed's historic independence.
The administration's case hinges on allegations of mortgage fraud against Cook, claiming she misrepresented property details to secure favorable loan terms. This comes amid tensions between Trump and the Fed following recent interest rate cuts—a policy MOVE the president publicly criticized.
The outcome could fundamentally alter the power dynamic between the WHITE House and the central bank. Legal scholars are closely watching what may become a landmark decision on presidential oversight of financial regulators.