The justices said they will consider whether to overrule a landmark Supreme Court precedent that has limited the president’s ability to fire top officials at the agency.

© Haiyun Jiang/The New York Times

President Trump had pressed to fire Lisa Cook before the central bank’s meeting, at which the Fed voted to cut interest rates.

The justices moved quickly to schedule oral argument to consider the legality of the president’s signature economic initiative.

© Mark Abramson for The New York Times

A federal appeals court had reinstated the commissioner, Rebecca Kelly Slaughter, saying she was fired ‘without cause.’

© Susan Walsh/Associated Press