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Items tagged with: lisacook
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.
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.