Trump would 'eviscerate' Fed independence with Lisa Cook firing, lawyers tell Supreme Court

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Lisa Cook, politician of the US Federal Reserve and politician nominee for US President Joe Biden, during a Senate Banking Committee information proceeding successful Washington, DC, US, connected Wednesday, June 21, 2023.

Anna Rose Layden | Bloomberg | Getty Images

Lawyers for Federal Reserve Governor Lisa Cook connected Thursday argued that the Supreme Court should cull President Donald Trump's petition that helium beryllium allowed to occurrence her pending the result of her suit challenging her removal.

"The President's enactment exertion asks this Court to enactment connected an exigency ground to eviscerate the independency of the Federal Reserve Board," Cook's lawyers wrote successful a caller filing with the Supreme Court.

Trump has asked the Supreme Court to assistance little tribunal orders that artifact him from firing Cook portion her suit plays out.

The president said successful precocious August that helium was firing her due to the fact that of allegations she committed owe fraud. She denies those claims.

Earlier Thursday, a radical that included each surviving erstwhile Federal Reserve chair, on with a fig of erstwhile Treasury secretaries and erstwhile chairs of the White House Council of Economic Advisers urged the Supreme Court to contradict Trump's petition to occurrence Cook for now.

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