US EditionUS Supreme Court considers Trump's bid to fire Fed's Lisa Cook
The Supreme Court reviews Trump’s unprecedented attempt to remove Fed Governor Lisa Cook over alleged pre-service mortgage fraud, testing protections for central bank independence.
- On Wednesday, the U.S. Supreme Court is hearing arguments on President Donald Trump's attempt to oust Federal Reserve Governor Lisa Cook, after previously blocking her firing.
- Trump's move followed a criminal referral by Federal Housing Finance Agency Director Bill Pulte alleging mortgage fraud; on August 20, President Donald Trump called for Cook's resignation and five days later posted a termination letter.
- On September 9, U.S. District Judge Jia Cobb moved to temporarily block Cook's firing for likely due process violations, while Solicitor General D. John Sauer argued the president alone decides 'for cause' and Cook has no right to a hearing.
- The Fed urged a prompt ruling as Federal Reserve Governor Lisa Cook continues to participate in meetings while the case proceeds, and Jerome Powell is expected to attend Wednesday's argument.
- Amid a Justice Department inquiry into Federal Reserve Chair Jerome Powell, a ruling against Cook could undermine limits on presidential removal power and reshape Federal Reserve independence.
150 Articles
150 Articles
Supreme Court hears case on Trump's attempt to control Fed
The Supreme Court heard arguments in a legal battle centered on President Trump’s efforts to fire a Federal Reserve governor. The case comes as Trump has moved to exert greater control over the Fed. Ali Rogin discussed more with News Hour Supreme Court analyst and SCOTUSBlog co-founder Amy Howe, and David Wessel of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution.
Brett Kavanaugh says letting Trump fire Lisa Cook 'would weaken, if not shatter, the independence of the Federal Reserve'
The Supreme Court on Wednesday seemed inclined to keep Federal Reserve governor Lisa Cook in her job, casting doubt on President Donald Trump’s bid to wrest control of the nation’s central bank. The justices heard arguments over Trump’s effort to fire Cook based on allegations she committed mortgage fraud, which she denies. No president has fired a sitting governor in the 112-year history of the Fed, which was structured to be independent of day…
SCOTUS Appears Set to Let Lisa Cook Stay at the Fed
The Supreme Court signaled Wednesday it may draw a line on President Trump's expansion of presidential powers—and it runs straight through the Federal Reserve. In arguments over Trump's attempt to oust Democratic-appointed Fed governor Lisa Cook, justices from both wings of the court sounded inclined to keep her in...
(Washington = Yonhap News) Correspondent Hong Jeong-gyu = The U.S. Supreme Court's ruling on President Donald Trump's dismissal of Federal Reserve Board member Lisa Cook...
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