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The Supreme Court appeared skeptical of President Trump's ability to fire Federal Reserve board member Lisa Cook during the oral arguments. NBC News' Gary Grumbach has details on the cases presented by both sides and what could come next.
The justices were alert to the central bank’s crucial role and wary of issuing a broad ruling based on rushed briefing and incomplete information.
During two hours of arguments, some justices pressed US lawyer on why Cook was not given a chance to formally respond.
The Supreme Court appears likely to allow Lisa Cook to keep her position on the Federal Reserve Board of Governors and reject President Trump's attempt to fire her for now. Arguments in the case were heard Wednesday. CBS News' Jo Ling Kent has more.
Six out of nine US Supreme Court justices have indicated support for keeping a central bank interest rate-setter in her job, in defiance of the Trump administration.
President Trump moved to fire Lisa Cook from the Federal Reserve Board of Governors last August. Courts have so far allowed her to continue serving in her role while litigation continues.
Listen live as the Supreme Court hears oral arguments over President Trump's attempt to oust Federal Reserve board member Lisa Cook.
The Supreme Court is hearing arguments on President Trump's bid to remove Lisa Cook from her post on the Federal Reserve Board of Governors. CBS News' Katrina Kaufman reports.
SCOTUS will review Trump's effort to fire Lisa Cook from the Fed's board of governors, a high-stakes court clash that could have major economic impacts.
The Supreme Court is hearing oral arguments on Wednesday in the case of Lisa Cook, the Federal Reserve governor whom President Trump is trying to fire. Our reporter Colby Smith describes the importance of Cook’s case for the independence of the central bank.
During arguments, key justices appeared concerned that president’s efforts to oust Lisa Cook could imperil the central bank’s independence.
The Supreme Court on Wednesday considers President Donald Trump's attempt to oust Federal Reserve board member Lisa Cook.
