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Trump Again Escalates Power Grabs in Bid to Fire Fed Member
President Trump claimed he has cause to remove a member of the independent board who has not obeyed his demands to vote for lower interest rates.
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nytimes.com
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Opinion | Trump Is Trying to End Fed Independence
If the courts allow Trump to get away with firing Lisa Cook, the Fed will be stripped of its insulation from political pressure.
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Trump Again Escalates Power Grabs in Bid to Fire Fed Member
President Trump claimed he has cause to remove a member of the independent board who has not obeyed his demands to vote for lower interest rates.
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Trump’s Appointees Could Rule the Fed for Decades
If President Trump succeeds in replacing Lisa Cook, his nominees will make up a majority of the Federal Reserve’s seven-person board.
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Trump’s Push to Fire Lisa Cook Puts Fed Independence on Trial
The Supreme Court has said the Federal Reserve Board’s independence warrants protection. President Trump’s effort to fire a member will test that commitment.
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Trump Asserts Expansive Power to Fire Fed Governor Lisa Cook
Lawyers for the administration told a court it should be “highly deferential” to the president when it comes to firing a Federal Reserve governor “for cause.”