The US Supreme Court on Wednesday will hear arguments on Donald Trump's attempt to fire governor Lisa Cook, which could determine how much control the US President can have over the central bank.
The case, titled Trump v Cook, is seen as a broader gauge for Fed independence, a principle that the central bank should be protected from political pressure in setting the nation's interest rates.
Since returning to office last year, Mr Trump has pushed the limits of Fed independence to untested limits.
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