The justices deferred a decision on the president’s efforts to oust Cook, agreeing to hear arguments on Wednesday instead.

The court is set to hear Ms. Cook’s case challenging her firing as the Justice Department investigates Jerome H. Powell, the central bank chair.

A ruling in the president’s favor in the case, which deals with his attempt to remove a member of the Federal Trade Commission, would be…

The Supreme Court is considering whether the president acted legally when he used a 1977 emergency statute to impose tariffs on scores of countries.

The justices face so-called legitimacy dilemma as they deal with a tricky legal dispute and a president who has made clear he would view defeat…

In a brief filed with the court, former Fed chairs and U.S. Treasury secretaries cautioned of erosion in public confidence in the Fed’s independence.

President Trump had pressed to fire Lisa Cook before the central bank’s meeting, where the board voted to cut interest rates.

A federal appeals court had invalidated a centerpiece of President Trump’s economic strategy, finding that a 1977 law did not authorize the tariffs.