on January 21 local time, the Supreme Court will hold a hearing on the debate regarding Trump's attempt to remove Federal Reserve Board member Lisa Cook.

U.S. government officials accused Cook last year of mortgage fraud by misrepresenting her primary residence in mortgage applications. Trump attempted to remove Cook but has been blocked by the courts so far. If the White House wins this case, it will set an important precedent for Trump's current attempt to remove Federal Reserve Chairman Powell. If Cook wins, it will trigger a prolonged battle of wills between the Federal Reserve and the White House and may have significant policy implications.