Justices find president does not have constitutional authority to fire Federal Reserve governor without cause
The US supreme court has refused Donald Trump’s attempts to immediately fire a Federal Reserve governor, in a landmark ruling that limits a president’s authority over the central bank.
In a 5-4 opinion, the court said that Lisa Cook can stay on as a governor while she fights unproven allegations of mortgage fraud made by the Trump officials.
“The Court decides this application on the narrow ground that the President failed to afford Cook the procedural protections to which she was entitled by statute. Without such protections, she could not properly dispute the charges the President laid against her,” the justices said.
The case was centered on Cook, a Joe Biden appointee whose 14-year term on the Federal Reserve board of governors is scheduled to expire in 2038. Cook is the first Black woman to serve on the Fed’s board.
They need to both signal that they’re largely on board for Trump’s remaking of the federal government and that they’re reliable billionaire bootlickers. What’s a reactionary judge who isn’t bound by laws, ethics, precedent, responsibility, fairness, or reality to do?