“The Supreme Court so far has helped shield the Federal Reserve from President Donald Trump’s efforts to seize control. An argument Wednesday will test just how committed the court is to the Fed’s independence,” Bloomberg reports.
“The justices will weigh whether to let Trump fire Fed Governor Lisa Cook over mortgage-fraud allegations that she denies. The session will coincide with a Justice Department criminal investigation into Fed Chair Jerome Powell, a probe that has sparked bipartisan backlash.”
New York Times: “The court’s conservative majority has repeatedly allowed Mr. Trump to oust leaders of other independent agencies as he moves to expand presidential power and seize control of the federal bureaucracy. But the justices have signaled that the Fed may be different and uniquely insulated from executive influence because of its structure and history.”
Semafor: Supreme Court weighs Trump’s effort to bend the Fed.
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