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SCOTUS weighs presidential power over the Fed in Trump's bid to oust Cook

1 min read
Source: The Guardian
SCOTUS weighs presidential power over the Fed in Trump's bid to oust Cook
Photo: The Guardian
TL;DR

The Supreme Court will hear Donald Trump’s bid to fire Federal Reserve Governor Lisa Cook, a move blocked by a federal court; the case tests whether a president can dismiss a sitting Fed official and how independent the central bank remains from executive power amid ongoing debates over rates and governance.

Topics:businesspolitics#fed-independence#federal-reserve#lisa-cook#politics#presidential-powers#supreme-court
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  1. US supreme court to consider Trump’s bid to fire Lisa Cook from Fed board  The Guardian
  2. Supreme Court Considers Trump’s Attempt to Fire Fed Governor Lisa Cook  The New York Times
  3. It’s showdown time for the Fed's independence at the Supreme Court  NPR
  4. The Fed-firing case in three steps  SCOTUSblog
  5. Opinion | Trump vs. the Fed Goes to the Supreme Court  The Wall Street Journal

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