Last updated: 2026-01-27 09:26:43 ET
With childhood friends and top leaders in the firing line, the system is frozen with fear.
The justices were alert to the central bank’s crucial role and wary of issuing a broad ruling based on rushed briefing and incomplete information.
Both parties would remove rival central bankers as soon as they win White House, Justice Brett Kavanaugh noted.
Firing central bank governors may prove to be a red line.
One conservative justice warned that the White House interpretation of the law could "shatter" Federal Reserve independence.
President Trump moved to fire Lisa Cook from the Federal Reserve Board of Governors last August. Courts have so far allowed her to continue serving in...
Scale and speed of president’s moves have stunned observers of authoritarian regimes – is the US in democratic peril?Three hundred and sixty five ...
At issue are President Trump's efforts to break with 112 years of law and precedent by firing Lisa Cook, a member of the Federal Reserve's governing board.
LIVE: US Supreme Court hears arguments in the Fed Gov Lisa Cook's firing case
