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US Supreme Court Signals Doubts Over Trump Bid to Fire Fed Governor. US Supreme Court justices have signaled deep skepticism over President Donald Trump's unprecedented attempt to fire Federal Reserve Governor Lisa Cook, raising alarms about the central bank's independence. During nearly two hours of arguments, justices from across the ideological spectrum questioned whether Trump acted within his powers and whether Cook was denied basic due process. Several warned that backing the administration could weaken, or even shatter, the Fed's independence from political pressure. Cook was targeted over unproven mortgage fraud allegations, which she denies and says were used as a pretext amid White House pressure to cut interest rates. Lower courts blocked her removal, and the Supreme Court appears unlikely to intervene for now. A ruling is expected by late June, with major implications for presidential power and the future independence of the Federal Reserve.
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