White House responds to Supreme Court decision on Fed Governor Lisa Cook

Federal Reserve & Legal Dispute - The Supreme Court will hear oral arguments in January regarding Lisa Cook's position on the Federal Reserve Board [1][2] - The core of the legal battle revolves around the definition of "for cause" in relation to the President's authority and the independence of the Federal Reserve [3] - A decision from the Supreme Court on Lisa Cook's case could take months after the oral arguments [4] - Lisa Cook has a 14-year term, potentially leading to prolonged legal proceedings [4] White House Stance - The White House maintains that President Trump lawfully removed Lisa Cook from the Federal Reserve Board "for cause" [1] - The White House anticipates ultimate victory after presenting oral arguments before the Supreme Court [1] Potential Implications - The Supreme Court's decision could set a precedent regarding the Federal Reserve's independence from presidential political pressure [3] - The case represents a significant test of the Fed's existence as an independent body [3]