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Live from NPR News in Washington, I'm Windsor Johnston.
A federal judge in Washington,
D.C. is set to hear arguments today in a high-stakes fight over the future of Lisa Cook's job at the Federal Reserve as governor.
NPR's Scott Horsley reports Cook is challenging President Trump's effort to fire her from the Fed's governing board.
Trump announced on Social Media Monday he was firing Cook over allegations she made false statements on a mortgage application.
But in legal papers, Cook argues even if there were what she called a clerical error,
that's a mere pretext for Trump's real agenda.
She points to comments the president made in a cabinet meeting this week that he'll soon have a majority of appointees on the Fed board,
giving Trump more power over Fed decisions on interest rates.
Congress designed the central bank to operate independently of the White House, and Cook says...
allowing the president to replace her with a political ally would jeopardize that independence.