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in /law 5 days ago

Supreme Court appears wary of allowing Trump to fire Fed's Cook in closely watched case : NPR

Supreme Court appears wary of allowing Trump to fire Fed's Cook in closely watched case : NPR - Featured Image

Supreme Court appears wary of allowing Trump to fire Fed's Cook in closely watched case : NPR

www.npr.org - faviconnpr.org
TLDR

The Supreme Court appeared skeptical of President Trump's attempt to fire Lisa Cook, a Fed governor, which experts say would undermine the central bank's independence. The case hinges on whether the president's decision to fire a Fed board member is reviewable by any court. The administration claims Cook falsified documents to obtain loans, which she denies. The court's decision is unclear, but it has previously allowed Trump to remove other agency leaders, though it has also noted the Fed's unique structure.

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