Liberal and conservative justices pressed lawyers on the cause and notice in President Donald Trump’s attempted firing of the Fed governor – and the consequence of setting a new precedent.

Kate Shaw: It’s clear that in this case, a win for the president would be a loss for the Fed’s traditional independence, opening the door to political control — and political manipulation — of monetar...

Although the Trump administration contends that the president acted within the law, a majority of the justices seemed ready to reject the government’s request to allow him to remove her,