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Highlights
- Lawyers for Fed Governor Lisa Cook urged the Supreme Court to allow Cook to remain in office while her challenge to Trump’s firing continues, warning removal would dramatically alter the status quo and subvert the Fed’s independence.
- The case hinges on the Fed’s independence and whether the president can remove a board member for cause, a standard Cook says prevents presidential overreach.
- A federal judge in Washington, D.C., ordered Cook to remain in office while her challenge to firing moves forward, saying the for-cause requirement does not permit removal for conduct before she took office.
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References
Former Fed, Treasury chiefs urge Supreme Court to block Trump firing Lisa Cook
Alan Greenspan and every other living former Fed chair tell Supreme Court that Lisa Cook should keep her job | CNN Business
Every living ex-Fed chair gives Supreme Court urgent warning about Trump move
Lisa Cook urges supreme court to reject Trump’s bid to fire her from Fed board
Greenspan, Bernanke and Yellen urge Supreme Court to let Lisa Cook keep her job as a Fed governor
Federal Reserve governor urges Supreme Court to prevent Trump from removing her
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