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Trump seeks Supreme Court order to remove Biden-appointed Fed governor Lisa Cook, who denies fraud allegations.
The Trump administration has asked the Supreme Court for an emergency order to remove Federal Reserve Governor Lisa Cook, appointed by President Biden, citing alleged mortgage fraud before her confirmation.
Cook denies wrongdoing and has not been charged.
A federal judge previously ruled her removal was likely illegal, reinstating her, and an appeals court upheld that decision.
The move marks an unprecedented attempt to influence the Fed, which is designed to be independent from politics.
No president has fired a sitting Fed governor in the agency’s 112-year history.
The Supreme Court has not yet decided on the request.
Trump solicita una orden de la Corte Suprema para remover a la gobernadora de la Fed nombrada por Biden, Lisa Cook, quien niega las acusaciones de fraude.