I listened to Trump’s #WEF speech when I should have been listening to oral arguments at #SCOTUS.
The Supreme Court repeatedly questioned a lawyer for the #Trump admin about whether the president exceeded his authority in firing #LisaCook, a member of the #FederalReserve board, in a case with potentially enormous consequences for the #economy.
Nonilex
in reply to Nonilex • • •During the oral arguments, Justice Brett M. #Kavanaugh pressed Trump’s representative, Solicitor General D. John #Sauer, over the idea that a victory for #Trump could allow future admins to try to dismiss #Fed officials “at will.” [because, it’s only okay if this admin does it 🤦🏼♀️]
In the first hour, the justices sounded wary of siding with Trump’s view that he should have full discretion to decide what actions are grounds for removal.
#law #FederalReserve #economy #independence #SCOTUS
Nonilex
in reply to Nonilex • • •The #FederalReserve sets #MonetaryPolicy & #InterestRates, among other duties, & when #Congress established it, lawmakers worked to insulate it from #political #influence. Its leaders have 14-year terms & may be removed only “for cause.” But #Trump has increasingly attacked the #Fed, pressuring it to lower interest rates as well as trying to push out its chair, #JeromePowell, & fire board governor #LisaCook.
#law #economy #independence #SCOTUS #authoritarianism
Nonilex
in reply to Nonilex • • •The justices have signaled that the #Fed may be uniquely protected from presidential meddling, even as the court’s conservative majority has allowed #Trump to fire leaders of other #independent #FederalAgencies.
#law #FederalReserve #economy #independence #SCOTUS #authoritarianism
Nonilex
in reply to Nonilex • • •#Trump has made clear he wants the chance to stack the nation’s #CentralBank with #political #loyalists. In court, the admin has strenuously steered clear of this rhetoric. Outside of court, though, Trump has repeatedly boasted about the changes he hopes to bring to the #Fed.
#law #FederalReserve #economy #independence #SCOTUS #authoritarianism
nytimes.com/2026/01/21/us/poli…
Nicole Parsons
in reply to Nonilex • • •Remember the names of the Wall Street Republican billionaires who paid to get control of the global monetary system.
Anyone working with these folks is volunteering for a global recession and/or world war
mstdn.social/@Npars01/11593552…
1. SpaceX $288,723,409
2. Adelson Clinic/Miriam Adelson $146,881,700
3. Uline Inc $146,027,201
4. Citadel LLC $108,669,316
5. Susquehanna International Group $101,468,362
6. Andreessen Horowitz $89,036,553
7. Empower Parents PAC $82,500,000
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Nicole Parsons
2026-01-21 22:48:25
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Nicole Parsons
in reply to Nicole Parsons • • •2/
8. Coinbase $79,008,020
9. Elliott Management $68,846,510
10. Securing American Greatness $67,558,284
11. Senate Leadership Fund $67,445,300
12. Club for Growth $59,846,594
13. Koch Inc $49,092,685
14. Blackstone Group $48,609,890
15. Stand Together Chamber of Commerce $44,801,948
16. Restoration PAC $41,168,363
17. Crownquest Operating $35,752,512
18. Bigelow Aerospace $34,991,590
19. Building America's Future $33,670,000
20. Stephens Inc $27,343,518
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Nicole Parsons
in reply to Nicole Parsons • • •3/
21. British American Tobacco $26,175,838
22. American Prosperity Alliance $22,549,000
23. Manzanita Management Group $22,159,143
24. America First Action/America First Policies $21,724,798
25. Mountaire Corp $21,375,080
26. Reyes Holdings $21,192,607
27. Energy Transfer LP $19,321,695
28. Hendricks Holding Co $19,306,538
opensecrets.org/elections-over…
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