Latest / US News Today | 2 Min News | The Daily News Now!
Supreme Court Tests Fed Independence
The Supreme Court is poised to deliver a landmark ruling on whether President Trump’s attempt to fire Fed Governor Lisa Cook—citing alleged misstatements on a mortgage application—was lawful, with implications that could reshape the Federal Reserve’s independence. Lower courts have sided with Cook, and justices appeared skeptical of the administration’s arguments, hinting at a ruling that protects Fed autonomy. If Cook stays, Fed Chair Kevin Warsh avoids political upheaval and reinforces the central bank’s insulation from presidential pressure—especially critical as inflation remains…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.