Supreme Court hesitates on Trump’s attempt to dismiss Fed’s Lisa Cook

During Supreme Court arguments, justices expressed skepticism regarding President Trump’s attempt to fire Federal Reserve Governor Lisa Cook amidst concerns about the Fed’s independence and the implications of such a presidential act. The administration cited unproven mortgage fraud allegations against Cook as justification, which she denied, claiming they were a pretext due to monetary policy disagreements. The case could set a precedent for presidential power over Fed officials, with a ruling expected by June. Chief Justice Roberts and other justices questioned the validity of the administration’s arguments and the handling of the case.