Supreme Court questions Trump’s power to fire Fed Governor Lisa Cook over a social media post, citing threats to monetary independence.

America. The Supreme Court voiced serious doubts on Wednesday regarding President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook. Several justices questioned the legitimacy and equity of firing Cook based on a social media post. The Federal Reserve Act only permits removal for inefficiency, neglect, or malfeasance, so the main question in the case is whether Trump can fire a Fed governor without cause. Cook's legal team contended that she was deprived of due process, and she refutes claims of mortgage fraud. Justices, including Brett Kavanaugh, a Trump appointee, cautioned that permitting such removals would jeopardize the Fed's independence, a pillar of U.S. monetary strategy. Anticipated by late June, the court's ruling may establish a precedent regarding the president's authority over independent agencies.