US supreme court appears skeptical of Trump’s bid to oust Lisa Cook from Fed board

Conservative and liberal judges questioned administration over president’s authority to fire without due processUS politics – live updatesUS supreme court justices appeared skeptical of Donald Trump’s case for firing a Federal Reserve governor on Wednesday, in a key test of the president’s power – and his administration’s battle to exert greater control over the US central bank.Five months after Trump tried to fire Lisa Cook over apparent discrepancies on mortgage applications his officials claim are evidence of fraud, both conservative and liberal justices grilled the administration over whether the US president has the power to fire a Fed governor with seemingly no process. Continue reading...