US Supreme Court to hear arguments over Trump bid to fire Fed's Cook

Core Points - The U.S. Supreme Court will hear arguments regarding Donald Trump's attempt to remove Federal Reserve Governor Lisa Cook, marking the first time a president has sought to fire a Fed official, which poses a challenge to the independence of the central bank [1] Group 1 - The case represents an unprecedented action by a sitting president against a Federal Reserve official, highlighting tensions between the executive branch and the central bank [1] - The outcome of this case could have significant implications for the future of Federal Reserve governance and its operational independence [1]