Trump's Cook firing will likely end up in the Supreme Court's hands
1. Trump's attempt to fire Fed Governor Lisa Cook could reach the Supreme Court. 2. This is the first presidential attempt to dismiss a Fed governor since 1913. 3. Legal precedents for firing Fed governors are ambiguous and unprecedented. 4. A Supreme Court ruling could impact Fed independence and interest rate policies. 5. Trump's replacement for Cook could sway future Fed votes on rate decisions.