The Supreme Court on Wednesday seemed poised to reject President Trump’s bid to immediately remove Lisa D. Cook from the Federal Reserve board, with key justices expressing concern about undermining the longstanding independence of the central bank.
Justices from across the ideological spectrum questioned whether the allegations President Trump lodged against Ms. Cook — an unproven assertion that she engaged in mortgage fraud before taking office — were serious enough to allow the president to fire her.
They suggested it was premature for the court to resolve the case when there were still factual disputes over those allegations, and they sounded skeptical that Ms. Cook had received sufficient notice of Mr. Trump’s accusations and an opportunity to respond.
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