Trump’s battle with the Federal Reserve faces Supreme Court test

Trump’s battle with the Federal Reserve faces Supreme Court test


President Donald Trump’s public feud with the Federal Reserve will make its way to the Supreme Court on Wednesday, when the justices weigh whether the president may fire Fed Governor Lisa Cook.

The Supreme Court’s oral arguments in the emergency docket case come just over a week after Federal Reserve Chairman Jerome Powell announced he was under investigation by the Department of Justice.

The case involving Cook is another test of the president’s firing ability, but also another chapter in Trump’s battle with the Fed.

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Tensions with the Federal Reserve have mounted in recent months

Since Trump returned to the White House a year ago, he has expressed displeasure with Powell’s job as Fed chairman. Every few months, reports have swirled that Trump was considering firing

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