Story perspectives
Supreme Court Case Could Redefine Fed Independence
10/1/2025
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Story summary
- James Fishback, CEO of Azoria, urges the Supreme Court to uphold President Trump's authority to remove Federal Reserve Governor Lisa Cook, citing alleged mortgage fraud.
- Cook's supporters say removal would undermine the Fed's independence and destabilize markets.
- A bipartisan group of former Fed chairs urges the Court to reject Trump.
- Slaughter v. Trump could redefine presidential control over independent agencies.
