Supreme Court Pushes Back on Trump's Bid to Control the Fed
TL;DR Summary
The Supreme Court signaled skepticism about President Trump's attempt to fire Federal Reserve governor Lisa Cook, underscoring the Fed's independence and raising questions about presidential power over independent agencies; legal scholars warn that, even if the court pushes back, it may carve out exceptions for the Fed, with potential economic implications and renewed scrutiny of the unitary executive theory, with a decision expected by June.
Topics:business#executive-power#fed-independence#lisa-cook#politics#supreme-court#unitary-executive-theory
- Is the supreme court ready to stand up to Trump over Federal Reserve attack? The Guardian
- In the case of the Federal Reserve, Supreme Court appears to carve out a murky exception AP News
- Supreme Court may leave big questions unresolved on Trump bid to fire Fed's Lisa Cook Reuters
- The full Fed battle SCOTUSblog
- Supreme Court conservatives have downplayed Trump’s conduct. The Fed case may change that CNN
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