Supreme Court weighs firing Fed Governor Cook, testing Fed independence
TL;DR
The Supreme Court is weighing whether President Trump can fire Federal Reserve Governor Lisa Cook without judicial review, a case centered on what qualifies as ‘cause’ for removal and the potential impact on Fed independence and monetary policy, as Powell faces a separate probe and the court weighs the public interest in Cook remaining in office during litigation.
- Supreme Court case on Trump bid to fire Fed Governor Lisa Cook set for oral arguments CNBC
- Supreme Court Appears Wary of Trump Bid to Fire Fed’s Cook Bloomberg
- Chief Justice Roberts Voices Early Note of Skepticism The Wall Street Journal
- The Fed-firing case in three steps SCOTUSblog
- Who is Lisa Cook? Supreme Court takes up Fed governor's case. USA Today
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