Court expands president's power to fire agency chiefs, but shields the Fed
TL;DR
The Supreme Court, in a 6-3 ruling, overturned a 91-year-old precedent to broaden the president’s power to fire Senate-confirmed agency leaders; in a separate 5-4 decision, it allowed Federal Reserve governor Lisa Cook to remain in her post during litigation over Trump’s bid to dismiss her, effectively exempting the Fed from the administration’s pressure to lower interest rates.
Topics:businesspolitics#agency-leaders#federal-reserve#lisa-cook#politics#presidential-powers#supreme-court
- Supreme Court widens Trump’s power to fire agency leaders — except the Fed Politico
- In loss for Trump, Supreme Court keeps Lisa Cook at the Fed USA Today
- In a major expansion of presidential authority, the Supreme Court on Monday cleared the way for President Trump to fire independent government regulators despite federal laws meant to protect their jobs. The justices carved out an exception for the Federal R facebook.com
- Supreme Court blocks Trump's firing of Federal Reserve governor, notes 'tradition of central banking protected from political interference' Yahoo Finance
- Live Updates: Supreme Court Expands Presidential Power Over Regulators, but Blocks Firing of Fed's Lisa Cook The New York Times
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