The Supreme Court appeared to cast a skeptical eye on the Trump administration’s claim that it had the authority to dismiss Federal Reserve Governor Lisa Cook based on mortgage fraud allegations without giving her a formal hearing.
But they also expressed doubt that the law afforded Fed officials as much protection as Cook’s lawyers claimed.
Much of the nearly two hours of oral arguments on Wednesday focused on the unusual emergency nature of the case and its rush from the Oval Office to the Supreme Court, with stops in between at a district court in Washington, D.C. that granted an preliminary injunction keeping Cook in place and a divided appeals...
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