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The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
President Trump has said he will fire Fed Chair Jerome Powell if Powell stays on beyond his mid-May term expiration. The threat directly challenges the Federal Reserve's institutional independence, a pillar assumption for Treasury, dollar, and global credit markets. Mid-May now marks a hard deadline for White House act
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The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
22h ago · 3 min · Policy & Government
President Trump has said he will fire Fed Chair Jerome Powell if Powell stays on beyond his mid-May term expiration. The threat directly challenges the Federal Reserve's institutional independence, a pillar assumption for Treasury, dollar, and global credit markets. Mid-May now marks a hard deadline for White House act
2mo ago · 1 min · Policy & Government
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