The Federal Reserve’s Independence Is Still on the Line

“On the surface, Monday’s Supreme Court ruling that keeps Lisa Cook in place as a Federal Reserve governor for now was a win for believers that the central bank works best when insulated from the day-to-day control of the president. The details aren’t so clear,” Axios reports.

“The court punted on several key questions that will determine how much ability President Trump and his successors have to fire Fed governors.”

“Moreover, the decision was closer than many court watchers anticipated, with four of six conservative justices dissenting.”