The Justice Department urged the Supreme Court on Thursday to put President Trump's firing of Federal Reserve Gov. Lisa Cook over mortgage fraud accusations into effect.
Cook participated in this week’s key vote cutting interest rates after a divided appeals panel rejected the administration’s plea to intervene beforehand.
The administration waited for the Fed’s meeting to conclude before going to the high court, which has regularly sided with Trump in emergency cases.
Solicitor General D. John Sauer wrote in the application that the lower decisions “flout many strands of this Court’s precedents.”
The ask initiates a high-stakes battle at the Supreme Court over the independence of the Fed, which has traditionally been viewed as an institution kept arm’s-length from the White House’s po