00:00The Supreme Court has repeatedly allowed President Trump to fire leaders of independent
00:04agencies, but appears to be drawing a firm line when it comes to the Federal Reserve.
00:10Justices have signaled that unlike other agencies, Fed governors can only be removed for cause,
00:15a stance now being tested in Trump's attempt to oust Fed Governor Lisa Cook.
00:20During oral arguments, several justices warned that allowing her firing could shatter the
00:25Fed's independence, with Supreme Court Justice Brett Kavanaugh calling the risk severe.
00:30Legal scholars, however, say the court has yet to clearly explain why the Fed deserves
00:34special protection while other independent agencies do not.
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