Trump would 'eviscerate' Fed independence with Lisa Cook firing, her lawyers tell Supreme Court

Group 1 - The core issue revolves around the legal challenge regarding the attempted removal of Federal Reserve Governor Lisa Cook by President Trump, with her attorneys arguing that such an action would undermine the independence of the Federal Reserve Board [1] - A coalition of former Federal Reserve chairs and Treasury Secretaries has urged the Supreme Court to reject Trump's efforts to remove Cook, emphasizing the importance of maintaining the Federal Reserve's autonomy [1]