The Trump administration on Thursday asked the Supreme Court for an emergency order to remove Lisa Cook from the Federal Reserve’s Board of Governors, reports the AP . The.
The Trump administration on Thursday asked the Supreme Court for an emergency order to remove Lisa Cook from the Federal Reserve’s Board of Governors, reports the AP. The administration turned to the high court after an appeals court refused to go along with ousting Cook, part of President Trump’s effort to reshape the Fed’s seven-member governing board and strike a blow at its independence. The White House campaign to unseat Cook marks an unprecedented bid to reshape the Fed board. No president has fired a sitting Fed governor in the agency’s 112-year history.
