Federal Reserve Board of Governors member Lisa Cook listens during an open meeting of the Board of Governors at the Federal Reserve in Washington, DC, on June 25, 2025. Mark Schiefelbein/AP/File

President Donald Trump took his effort to remove a governor from the Federal Reserve to the Supreme Court on Thursday, asking the justices to remove Lisa Cook from the powerful board a day after it cut interest rates for the first time in months.

Trump’s emergency appeal put the issue of Fed independence – a question of monumental significance for the US economy – onto the court’s docket months after the justices appeared to carve out special protections for that agency. On the other hand, Trump’s effort to remove Cook involves new legal theories that may find purchase on the 6-3 conservati

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