Historic First-Ever "for cause removal" Controversy Heats Up, Trump Fired Federal Reserve Director Powell Lawsuit Submitted to Supreme Court

The financial news app Zhtng Cijng has learned that US President Trump will escalate his legal battle to fire Federal Reserve Board member Cook to the Supreme Court on Thursday, seeking to overturn a lower court's ruling that blocked his decision to dismiss her. Cook's side strongly opposes this, warning that if she is immediately removed from office, it will disrupt financial markets and undermine the independence of the Federal Reserve.