Story perspectives

Supreme Court to Hear Trump's Bid Against Fed Governor Cook

11/13/2025

Center

Trump's Removal Attempt

The Supreme Court will hear arguments on January 21 in U.S. President Donald Trump's bid to remove Federal Reserve Governor Lisa Cook over mortgage fraud allegations.
Cook denies the allegations and has filed a lawsuit to block removal.
A federal judge ruled Trump's claims likely do not meet the legal grounds for dismissal under the Federal Reserve Act.

Right

Trump's Tariff Authority

The U.S. Supreme Court is considering tariffs proposed by U.S. President Donald Trump that he says are essential for national security and foreign policy.
During oral arguments, justices questioned Trump's authority to bypass Congress under the International Emergency Economic Powers Act (IEEPA).
A ruling by late June could reshape presidential power and economic policy.

Left

Trump's Tariff Challenge

The U.S. Supreme Court will decide the legality of tariffs imposed by U.S. President Donald Trump.
If overturned, household incomes could exceed $1,000 and unemployment could fall.
Trump may quickly reinstate tariffs under different legal justifications.
Tariffs have raised prices and slowed growth, with a potential $105 billion annual loss in national wealth if kept.
An unfavorable ruling could reduce the average tariff rate from 17.9% to 9.1%, easing burdens.

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Trump's Removal Attempt

The Supreme Court will hear arguments on January 21 in U.S. President Donald Trump's bid to remove Federal Reserve Governor Lisa Cook over mortgage fraud allegations.
Cook denies the allegations and has filed a lawsuit to block removal.
A federal judge ruled Trump's claims likely do not meet the legal grounds for dismissal under the Federal Reserve Act.

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