It’s the latest legal test of Trump’s power in his second term. The Roberts Court has previously signaled its willingness to protect Fed independence.

The Supreme Court could have the last word in this historic case, which may once again test the limits of Trump's power.

Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.

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