Trump's Dispute with the Fed Puts Agency Independence in Question

The justices undermined the Federal Reserve’s independence. Now they want backsies.

It may be dawning on the court’s conservatives that a unitary executive could be impossible to rein in.

Trump's dispute with the Fed puts agency independence in question

The Trump administration's investigation of Federal Reserve Chairman Jerome Powell is raising questions about his power to fire independent officials.

'What goes around comes around': Kavanaugh warns Trump admin of setting dangerous precedent with 'at-will' firing · American Wire News

The Supreme Court is hearing arguments over whether President Trump can fire Federal Reserve Governor Lisa Cook over allegations of mortgage fraud. Cook has denied the allegations, calling them politically motivated. Justices Brett Kavanaugh and Amy Coney Barrett expressed doubt over the legality of the move, with Kavanaugh conducting a rigorous line of questioning to Trump Solicitor General D. John Sauer. Kavanaugh warned of setting a dangerous…

Brett Kavanaugh says Trump threatens Federal Reserve independence

Trump’s legal arguments “would weaken, if not shatter, the independence of the Federal Reserve,” the justice said.

Kavanaugh: Trump’s Position Would ‘Weaken If Not Shatter The Independence Of The Federal Reserve’

As the Supreme Court cosigned President Trump and Elon Musk’s massacre of independent executive branch agencies last year, experts prayed that the justices would concoct some way to protect the Federal Reserve. Wednesday’s arguments bolstered those hopes.

One Woman, One Refusal, and the Future of the Fed

On Wednesday, the Supreme Court heard arguments that could reshape the global financial system. The case before the justices asks a deceptively simple question: Can the President of the United States fire Dr. Lisa Cook, a member of the Federal Reserve Board of Governors, before the end of her statutory term?  But everyone watching — from Wall Street traders to central bankers in Europe and Asia — knows the real question: Can President Trump fire…