Supreme Court hears Fed firing case

(The Center Square) - The U.S. Supreme Court heard oral arguments on Wednesday in a case over whether President Donald Trump can immediately remove Lisa Cook, a member of the Federal Reserve Board of Governors. Trump v. Cook focuses on a lower court judges decision to allow Cook to remain in her job after Trump delivered a letter calling for her "immediate removal from office.” Trump accused Cook of committing mortgage fraud before she joined the Federal Reserve. “At a minimum, the conduct at issue exhibits the sort of gross negligence in financial transactions that calls into question your competence and trustworthiness as a financial regulator,” Trump wrote in a letter to Cook in August 2025. Justices on the Supreme Court appeared skeptical of the Trump administration’s arguments to immediately remove Cook. Several justices questioned whether the president had proper cause to call for Cook’s removal, and pointed out longstanding legal principles that upheld the Federal Reserve’s inde