The Trump administration appealed to the Supreme Court to overturn lower court rulings preventing President Trump from firing Federal Reserve Governor Lisa Cook. Trump alleges Cook committed mortgage fraud, a claim she denies. Lower courts blocked the firing, allowing Cook to participate in a recent Fed meeting. The Justice Department argues the President has the authority to remove Fed governors 'for cause' and that Cook's alleged actions constitute sufficient grounds for dismissal. They contend Cook lacks a protected property interest in her position and that the lower court lacked authority to reinstate her.

Prepared by Lauren Mitchell and reviewed by editorial team.