The Trump administration has formally petitioned the U.S. Supreme Court to grant the president authority to remove Federal Reserve Governor Lisa Cook, raising concerns about central bank autonomy.
The Trump administration has requested the U.S. Supreme Court grant the president the power to dismiss Federal Reserve Governor Lisa Cook. This move challenges the independence of the central bank and could alter the balance of political influence over monetary policy. The petition signals heightened tensions between the administration and the Federal Reserve’s governance structure.