News

Politics

On HALO

2 months ago

SCOTUS weighs Trump push to fire Fed's Lisa Cook over alleged mortgage fraud

The Supreme Court on Wednesday heard arguments over President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook — a consequential and closely watched case that could allow Trump to wield an unprecedented level of influence over the nation's central bank.U.S. Solicitor General D. John Sauer kicked off oral arguments by telling the justices that Americans "should not have their interest rates" determined by a Federal Reserve governor whom he said has been "grossly negligent" in her own life — a nod to the mortgage fraud allegations made against Cook last summer, and which Trump c...