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flag Trump seeks Supreme Court order to remove Biden-appointed Fed governor Lisa Cook, who denies fraud allegations.

flag 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. flag Cook denies wrongdoing and has not been charged. flag A federal judge previously ruled her removal was likely illegal, reinstating her, and an appeals court upheld that decision. flag The move marks an unprecedented attempt to influence the Fed, which is designed to be independent from politics. flag No president has fired a sitting Fed governor in the agency’s 112-year history. flag The Supreme Court has not yet decided on the request.

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