India, Jan. 21 -- The Lisa Cook Federal Reserve governor legal showdown has emerged as one of the most consequential institutional battles of Donald Trump's second term. The balance is not just a single appointment but, rather its the broader question of whether the White House can breach the centuries-old shield that keeps America's central bank insulated from political pressures. The Supreme Court's decision on this case with world markets watching, will reshape a delicate balance between presidential power and economic independence.

Lisa Cook is a senior governor at the Federal Reserve because of that she is one of the most important voices in framing the economic policy of the nation. She was appointed in 2022 as the first Black woma...