Trump administration asks supreme court to allow firing of Fed’s Lisa Cook

The Trump administration's request to the Supreme Court to allow the firing of Federal Reserve governor Lisa Cook marks a significant challenge to the independence of the central bank. This move could set a precedent for presidential control over the Fed, raising concerns about the implications for monetary policy and economic stability. As the administration continues its aggressive stance, the outcome of this case could reshape the relationship between the government and the Federal Reserve, impacting financial markets and public trust in economic governance.