Supreme court to consider Trump’s bid to fire Lisa Cook from Fed board – US politics live

A federal court blocked Cook’s removal, and she remains on the Fed’s rate-setting boardLauren Aratani is a reporter for Guardian USTrump’s bid to remove Cook last summer marked the first time in US history that a president fired a sitting Fed governor. She was appointed by Joe Biden in 2022, becoming the first woman of color to serve on the Fed’s board. Her term is set to be completed in 2038, as Fed governors serve at 14-year terms. Continue reading...