The high court is considering whether President Donald Trump can fire Fed governor Lisa Cook, as he said he would do in late August, in an unprecedented attempt to remove one of the seven members of the Fed's governing board.

The high court is considering whether President Donald Trump can fire Fed governor Lisa Cook, as he said he would do in late August, in an unprecedented attempt to remove one of…

Federal Reserve Chairman Jerome Powell's planned attendance comes as he faces a federal criminal probe about the central bank's costly renovation project.

Powell appears to be casting off last year’s more subdued response to Trump’s repeated attacks on the Fed, AP reported.

If Trump succeeds in removing Cook, he could appoint another person to fill her slot, which would give his appointees a majority on the Fed's board.

Federal Reserve Chairman Jerome Powell plans to attend the oral arguments at the Supreme Court.

The Supreme Court will hear oral arguments Wednesday over President Donald Trump's firing of the governor of the Federal Reserve board Lisa Cook.

The Trump administration’s arguments could “weaken, if not shatter, the independence of the Federal Reserve,” Justice Brett Kavanaugh said.

During two hours of arguments, some justices pressed US lawyer on why Cook was not given a chance to formally respond.