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Supreme Court rules Trump cannot fire Fed Governor Lisa Cook for now

From cnbc.com

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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  • Category: Fundamental Analysis