The administration wants the authority to fire Lisa Cook, a Fed governor. Experts say that would undermine the independence of the central bank.

The Supreme Court's decison on President Trump's abilty to fire a member of the Federal Reserve could have big consequences for the economy.

The Supreme Court’s ruling, which is expected in the coming weeks or months, is one of the most significant tests to date of Trump’s push to expand presidential power.

Americans "should not have their interest rates" determined by a Federal Reserve governor whom he said has been "grossly negligent" in her own life, Sauer said, in a nod to the mortgage fraud allegations made against Cook last summer,

The legality of Trump’s push to fire Fed governor Lisa Cook was already one of the biggest issues of the court’s term. A probe into Chair Jerome H. Powell has raised the stakes.

U.S. District Judge Jia Cobb in September ruled that Trump's attempt to remove Cook without ​notice ‌or a hearing likely violated her right ‍to due process under the ⁠U.S.

The Supreme Court heard arguments over Trump's efforts to fire Fed governor Lisa Cook. The case has broad implications for the economy.

The daughter of a nursing professor and hospital chaplain, Cook ‍was among the initial Black students to desegregate ​the schools that she and her sisters attended in rural Mi