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flag The Supreme Court will hear arguments in January 2026 on whether Trump can fire Fed Governor Lisa Cook without cause, testing the independence of federal agencies.

flag The U.S. Supreme Court will hear oral arguments on January 21, 2026, in a case challenging President Donald Trump’s authority to remove Federal Reserve Governor Lisa Cook, whom he sought to fire over alleged mortgage fraud she denies. flag The dispute centers on whether independent agency officials like Cook can be removed without cause, testing the 1935 Humphrey’s Executor precedent that protects such officials. flag Lower courts have blocked the removal, citing the Federal Reserve Act’s "for cause" requirement, while the Trump administration argues broad presidential removal power. flag The case, along with a related one set for December 8, could reshape the independence of the Federal Reserve and other agencies, with potential implications for monetary policy and political influence over the central bank.

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