Trump asks Supreme Court to remove Fed Director Cook

According to Kingsen data, U.S. President Trump has submitted the action to remove Fed Director Cook to the Supreme Court, asking the Supreme Court to remove him. The request came the day after the Fed cut interest rates for the first time in months. Trump's emergency appeal puts the issue of Fed's independence on the Supreme Court's agenda. Trump's actions involve new legal theories and may be supported in the Supreme Court, which consists of six conservatives and three liberals. If Trump successfully removes Cook, it will be the first time in the Fed's 111-year history that a director has been fired by the president.