January 22, 2026
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3:15Now PlayingThe Supreme Court heard arguments today on whether or not President Trump has the authority to fire someone from the Federal Reserve, specifically in regards to Lisa Cook.
The case comes before the Supreme Court on an emergency basis -- with the government seeking to dismiss Cook now, for as long as the courts decide the matter, a process that could last months.
Cook -- appointed for a 14-year term by former President Joe Biden in 2023 -- will remain on the job at least until the court decides the current legal questions.
No president has fired a sitting Fed governor in the law’s 112-year history.
LiveNOW's Mike Pache discussed what happened in the nation's high court today with Reuters reporter Ann Saphir.
MORE:
In arguments, most on the court seemed skeptical of Trump's actions.
"That's your position that there's no judicial review, no process required, no remedy available?" Justice Brett Kavanaugh asked Solicitor General D. John Sauer. "Very low bar for cause that the president alone determines. And that would weaken, if not shatter, the independence of the Federal Reserve."
"Let's talk about the real-world downstream effects of this. Because if this were set as a precedent, it seems to me just thinking big picture, what goes around, comes around," added Kavanaugh, who has typically been an ardent defender of executive power. "All the current president's appointees would likely be removed for cause on January 20th, 2029 -- if there's a Democratic president or January 20th, 2033. And then, we're really at, at will removal."
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