Supreme Court sceptical of Trump firing of central bank governor Lisa Cook

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The Supreme Court heard arguments regarding Donald Trump's attempt to remove Federal Reserve governor Lisa Cook, whom he accused of mortgage fraud. Cook denies the allegations, arguing she was not given due process to refute the claims. The case centers on whether Trump had sufficient "cause" to fire Cook, as required by law to protect the Fed's independence. Justices across the political spectrum expressed skepticism about the administration's arguments, raising concerns about the implications for the central bank's autonomy and the broader economy. Lower courts had previously blocked Trump's move, and the Supreme Court is now considering whether to allow the removal. The White House maintains Cook's alleged mortgage discrepancies constitute sufficient cause for dismissal.
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