Lisa Cook

The Supreme Court ruled in June that Cook could remain in her position — but did not block Trump from continuing to legally challenge her for alleged mortgage fraud.

The Supreme Court helped defend the Federal Reserve’s independence — but only by a slim majority.

“These agencies exercise sweeping powers over corporations, over the economy, over our health, over our safety,” said University of Michigan law professor Leah Litman, “And the court just handed the president the power to dictate what the heads of those agencies do.”

The Supreme Court will hear arguments about the Trump administration’s attempted firing of Fed governor Lisa Cook this week. The outcome could determine how easily the president can dismiss other Fed officials.

The Supreme Court has permitted President Donald Trump to remove members of various other federal agencies. Is the Federal Reserve different?