Summary
The U.S. Supreme Court is considering whether President Donald Trump can remove Federal Reserve Governor Lisa Cook. Justices showed doubts about the president's authority in this matter, as Cook is accused of mortgage fraud, which she denies. The case's outcome can affect the Federal Reserve's independence and U.S. interest rate policies.
Key Facts
- The Supreme Court heard arguments about removing Fed Gov. Lisa Cook.
- President Trump wants to remove Cook over mortgage fraud allegations.
- Lisa Cook denies the mortgage fraud allegations.
- Justices questioned if Trump has the power to remove a Fed governor.
- Justice Brett Kavanaugh expressed concerns about the impact on the Fed’s independence.
- The decision could influence U.S. interest rate policy.
- Wall Street is closely watching the outcome of this case.
