The Supreme Court will hear oral argument on Wednesday in yet another battle over the president’s power to remove the heads of independent agencies created by Congress. Wednesday’s arguments center on President Donald Trump’s attempt to fire Lisa Cook,

The U.S. Supreme Court is set to hear oral arguments in Trump v. Cook, a case that could reshape the balance of power between the presidency and independent federal agencies, with major implications for the Federal Reserve and the broader economy.

Rarely is it obvious that a lawsuit will turn into a landmark Supreme Court decision at the outset. Cook v. Trump is the exception. At stake is nothing less than the future health of the American economy and the basic structure of the federal government.