Justices Probe Trump’s Power Over Independent Fed Governors

1 min read
Source: Politico
TL;DR Summary

The Supreme Court signaled skepticism toward President Trump's bid to abruptly fire Federal Reserve board member Lisa Cook without a formal hearing, underscoring the Fed's independence and raising questions about the scope of presidential removal power and the need for due process. The case could redefine how courts review attempts to remove Fed governors, with justices debating whether removal requires 'for cause' justification or more due process than Cook received.

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