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    Supreme Court skeptical of Trump’s attempt to fire the Fed’s Lisa Cook

    9 hours ago

    By Lawrence Hurley WASHINGTON — Tackling an issue with huge ramifications for both the economy and the structure of government, the Supreme Court on Wednesday appeared unlikely to greenlight President Donald Trump’s attempt to oust Federal Reserve board member Lisa Cook. With Trump seeking to exert control over the central bank, which, among other things, sets interest rates, the case has taken on even greater importance after it emerged that the Justice Department is investigating Federal Reserve Chair Jerome Powell. During two hours of oral argument on whether Trump can immediately fire Cook, both conservative and liberal justices appeared sympathetic to the idea that The post Supreme Court skeptical of Trump’s attempt to fire the Fed’s Lisa Cook appeared first on HBCU News.
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