Skip to Main ContentSupreme Court Hears Arguments In Trump v. Cook CaseArguments have begun at the Supreme Court in the Trump v. Cook case challenging the president's ability to fire a Federal Reserve Board governor "for cause."The case comes to the court following President Donald Trump's attempt to fire Fed Governor Lisa Cook after the Department of Justice charged her on cooked-up allegations of mortgage fraud. Lower courts sided with Cook, ruling that the president can't fire an agency official "for cause" without providing due process, and that the allegations against Cook do not rise to a cause for firing, as they don't relate to her job. The Trump administration argues courts can't second-guess the president's determination that something is a cause when removing an official, and that the fired official is not required to have due process.These are the legal issues that will be discussed during arguments, but the case is really about how much authoritarian power Trump will be able to wield. If the court ruled in his favor, he would be able to easily seize control of the Federal Reserve and its sweeping powers to set interest rates and oversee the entire banking sector.Federal Reserve Chair Jerome Powell is attending the arguments as he faces a similarly cooked-up DOJ investigation that could lead to his early removal if the court sides with Trump.See All UpdatesClose