{"id":14316,"date":"2026-01-21T12:31:01","date_gmt":"2026-01-21T12:31:01","guid":{"rendered":"https:\/\/microvibenews.com\/?p=14316"},"modified":"2026-01-21T12:31:01","modified_gmt":"2026-01-21T12:31:01","slug":"supreme-court-to-hear-arguments-on-lisa-cook-as-trump-continues-campaign-for-control-over-federal-reserve-us-politics-live-us-politics","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=14316","title":{"rendered":"Supreme court to hear arguments on Lisa Cook as Trump continues campaign for control over Federal Reserve \u2013 US politics live | US politics"},"content":{"rendered":"

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US supreme court to consider Trump\u2019s bid to fire Lisa Cook from Fed board<\/h2>\n<\/header>\n

Hello and thank you for joining us on the US politics<\/a> live blog.<\/p>\n

The US supreme court will hear oral arguments over Donald Trump\u2019s bid to fire a Federal Reserve<\/a> governor on Wednesday morning, as his administration continues its extraordinary campaign for control over the central bank.<\/strong><\/p>\n

Trump tried to fire<\/a> Lisa Cook<\/strong> in August over apparent discrepancies on mortgage applications his officials claim are evidence of fraud.<\/p>\n

It was the first time in 112 years that a president had sought to remove a Fed governor.<\/p>\n

A federal court blocked Cook\u2019s removal, and she remains on the Fed\u2019s rate-setting board. The Trump administration<\/a> is waging an unprecedented battle with the Fed over interest rates, after policymakers defied the president\u2019s repeated calls for drastic cuts.<\/p>\n

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<\/svg><\/span>The Trump administration has alleged that Lisa Cook committed mortgage fraud by misrepresenting multiple properties as her primary residence.<\/span> Photograph: Kevin Lamarque\/Reuters<\/figcaption><\/figure>\n

Meanwhile, the Department of Justice (DoJ) has been widely criticized this month for launching a criminal investigation<\/a> into Jerome Powell,<\/strong> the US central bank\u2019s chair. While it is pursuing Powell over renovations to the Fed\u2019s historic office buildings in Washington DC, he has argued he is being targeted for not \u201cfollowing the preferences of the president\u201d.<\/p>\n

Powell plans to attend Wednesday\u2019s hearing at the supreme court in person, according to reports<\/a>.<\/p>\n

Trump as president has enjoyed wielding seemingly unlimited power from the executive branch, including allowing the so-called Department of Government Efficiency to fire tens of thousands of federal workers and defund programs across the government.<\/p>\n

But this case is set to test his limits. Last spring, supreme court justices briefly mentioned the supreme court in an unrelated ruling around two labor officials Trump had fired. \u201cThe Federal Reserve is a uniquely structured, quasi-private entity that follows in the distinct historical tradition of the First and Second Banks of the United States,\u201d they wrote<\/a>.<\/p>\n

Legal experts believe that the note suggests, softly, that the court may give special protections to the Fed, and its officials, that are not granted to other government agencies.<\/p>\n