What is the extent of Trump's influence on the Federal Reserve? The Cook hearing at the U.S. Supreme Court will be a touchstone

So far, the U.S. Supreme Court has, to some extent, helped the Federal Reserve fend off attempts by President Donald Trump to seize control. A debate on Wednesday will test how firm the court's commitment to the independence of the Federal Reserve truly is. The justices will weigh whether to allow Trump to dismiss Federal Reserve Governor Lisa Cook on the grounds of mortgage fraud allegations, which Cook denies. This hearing will coincide with a criminal investigation by the U.S. Department of Justice into Federal Reserve Chairman Jerome Powell, which has already sparked bipartisan opposition