President Donald Trump's attempt to oust Federal Reserve Governor Lisa Cook — a move without precedent in American history — sets the stage for a high-stakes legal battle likely bound for the U.S. Supreme Court.

Tensions reached a new fever pitch Thursday morning after Cook sued the Trump administration over its attempt to remove her, an effort she argued is an "unprecedented and illegal" pretext by which Trump is looking to wrest control of the independent Federal Reserve, and install someone who would "fill and forward" his own economic agenda.

The case was assigned to U.S. District Judge Jia Cobb, who was appointed by former President Joe Biden , and has since ordered both parties to court on Friday for a status hearing, signaling she wants to move quickly to consider the matter

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