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It's showdown time for the Fed's independence at the Supreme Court

07:01
Fed Chair Jerome Powell speaks with Lisa Cook, a member of the Board of Governors of the Federal Reserve, during a meeting in Washington on June 25. President Trump's desire to fire Cook for cause is at the center of Wednesday's Supreme Court argument — an argument that could have major consequences for financial markets and the broader economy. (AFP via Getty Images)
Fed Chair Jerome Powell speaks with Lisa Cook, a member of the Board of Governors of the Federal Reserve, during a meeting in Washington on June 25. President Trump's desire to fire Cook for cause is at the center of Wednesday's Supreme Court argument — an argument that could have major consequences for financial markets and the broader economy. (AFP via Getty Images)

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