It's showdown time for the Fed's independence at the Supreme Court

At issue are President Trump's efforts to break with 112 years of law and precedent by firing Lisa Cook, a member of the Federal Reserve's governing board.

It's showdown time for the Fed's independence at the Supreme Court
Fed Chair Jerome Powell speaks with Lisa Cook, a member of the Board of Governors of the Federal Reserve, during a meeting in Washington on June 25. President Trump

At issue are President Trump's efforts to break with 112 years of law and precedent by firing Lisa Cook, a member of the Federal Reserve's governing board.

(Image credit: Saul Loeb)

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