Supreme Court Seems Inclined To Keep Cook On Fed Board

WASHINGTON (AP) — The Supreme Court seems inclined to keep Federal Reserve governor Lisa Cook in her job. The justices are casting doubt on President Donald Trump’s bid to wrest control of the nation’s central bank. They heard arguments Wednesday over Trump’s effort to fire Cook based on allegations she committed mortgage fraud. She denies any wrongdoing. No president has ever fired a sitting governor. Trump’s critics say his true motivation for trying to oust Cook is the Republican president’s desire to exert control over interest rate policy. The case presented the court with one of the more extraordinary efforts by Trump to expand presidential power. A decision is expected by early summer.