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Supreme Court rules Trump cannot fire Fed Governor Lisa Cook for now
The Supreme Court ruled Monday that President Donald Trump does not have the authority to fire Federal Reserve Governor Lisa Cook from the central bank for now. The court did not rule whether Trump ultimately will have the power to fire Cook or any other member of the Fed. Instead, the 5-4 ruling rejected Trump’s bid to pause a lower federal court ruling that had prevented her from being terminated as her lawsuit challenging her dismissal proceeds. Trump had claimed he sought to fire Cook because of allegations she committed mortgage fraud, a claim she adamantly denied. Chief Justice John Roberts wrote the opinion ... (full story)
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SUPREME COURT LETS FED'S LISA COOK STAY IN JOB FOR NOW SCOTUS Declines To Let President Trump Remove Fed Governor Lisa Cook Supreme Court rules 5-4 against Trump on Lisa Cook "At minimum, Cook was entitled to some explanation of the evidence at issue, some avenue for a response, and a deadline by which a response would be due."