Jan. 21 (UPI) -- The U.S. Supreme Court will hear oral arguments on Wednesday over President Donald Trump's attempt to fire the governor of the Federal Reserve board Lisa Cook.
The court's decision on the matter will make known its view of the president's power to remove members of the Federal Reserve, an independent agency.
The Trump administration alleges that Cook committed mortgage fraud, a claim she denies. Her attorneys argue that she must be given a chance to respond to the administration's allegations before being fired and that the reason for her firing does not meet the threshold for cause.
The Federal Reserve Act gives the president the power to remove members of the Federal Reserve for cause but what is considered cause has not been made clear. The Supreme Court's decision may provide more clarity about how this court views the threshold for cause and the limits of the president's power to remove officials.
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