Trump asks US Supreme Court to allow firing of Fed Governor Lisa Cook

Core Viewpoint - The Trump administration is seeking to fire Federal Reserve Governor Lisa Cook, a move that challenges the independence of the Federal Reserve, which has not seen such an action since its establishment in 1913 [1] Group 1 - The request to the U.S. Supreme Court represents a significant legal battle regarding the authority to dismiss a Federal Reserve official [1] - This unprecedented action raises concerns about the potential implications for the Federal Reserve's autonomy and its ability to operate independently from political influence [1]