Trump asks Supreme Court to remove Cook from Fed board

President Trump is asking the Supreme Court for an emergency order to remove Lisa Cook from the Federal Reserve’s board of governors. The request comes after an appeals court rejected the president’s effort to oust Cook from the Fed’s seven-member governing board. He accuses Cook of mortgage fraud. She denies lying and refuses to leave her post. The Fed board was established by Congress to be largely independent from day-to-day politics. No president has fired a sitting Fed governor in the agency’s 112-year history. GC, Wash.