Summary
President Donald Trump faced questions from the Supreme Court regarding his decision to fire Federal Reserve Governor Lisa Cook. The Court expressed doubts about whether Cook was given a fair chance to contest Trump's reasons for her removal. Trump accused Cook of mortgage fraud, but Cook denied the allegations.
Key Facts
- President Trump decided to remove Federal Reserve Governor Lisa Cook, accusing her of mortgage fraud.
- Cook denied the accusation and claimed she wasn’t given a fair chance to respond.
- Supreme Court justices, including conservatives, questioned the fairness of the removal process.
- Justice Brett Kavanaugh highlighted concerns that this move might weaken the Federal Reserve's independence.
- Legally, the President can only remove Fed governors "for cause," intended to prevent political pressure.
- The Trump administration argued that Cook's actions justified her removal, but lower courts blocked the action.
- Cook's lawyers claimed the accusations were based on incomplete and misleading information.
- The Supreme Court historically has a conservative majority but has shown varied support in executive firing cases.
