What happened: The US Supreme Court expressed doubts about the legality of former President Trump's removal of Federal Reserve official Lisa Cook. A conservative justice warned the White House's legal view might undermine the Fed's independence.
Why it matters:
- Federal Reserve independence is crucial for stable economic policy.
- The ruling could affect how future presidents can remove Fed officials.
MNN Take: The court's scepticism highlights ongoing concerns about maintaining the Federal Reserve's autonomy from political influence, which is key to effective economic governance.
Sources: BBC Business