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#SCOTUS will hear oral arguments Wednesday on whether #Trump may fire 1 of the 7 #FederalReserve Governors, as he did #LisaCook via his social media account last Aug.

The justices will hear arguments over Trump's request to lift a lower court's decision barring him from firing Cook while her #legal challenge to the removal continues. The justices in Oct agreed to hear the dispute, a decision that left Cook in her role for now.

#law #economy #Fed #independence #MadKing
https://www.reuters.com/legal/government/supreme-court-weighs-trumps-firing-feds-lisa-cook-by-social-media-2026-01-20/

Davie Duck

@WackyIdeas@mastodon.social replied · 3 days ago

@Nonilex Meanwhile, #Epstein ?

Nonilex

@Nonilex@masto.ai replied · 4 days ago

#SCOTUS may choose to focus on #Trump’s use of #socialmedia to carry out the unprecedented action.

Trump's “prolific” [inappropriate & incessant] use ‌of social media is well-established. He long has used social media not only to voice opinions but also to announce major decisions & official govt policies.

#law #economy #FederalReserve #independence #autocracy #dictactorship #MadKing

Nonilex

@Nonilex@masto.ai replied · 4 days ago

Just after 8PM last Aug 25, #Trump posted to his Truth Social account a letter addressed to Cook informing her that "you are hereby removed" from the role of Fed governor. No president since the central bank's founding in 1913 has ever ousted a Fed governor.

#SCOTUS #law #economy #FederalReserve #independence #autocracy #dictactorship #MadKing

Nonilex

@Nonilex@masto.ai replied · 4 days ago

That action, Cook & her lawyers argue, violated her rights under the #US #Constitution's #FifthAmendment, which provides that no person may be "deprived of life, liberty or property without #DueProcess of #law."

The case, which could imperil the #independence of the world's most important #CentralBank, tests whether #Trump had adequate " #cause" under #federal law to remove Cook. But it also is a ‌fight over whether the way Trump sought to oust Cook was fair.

#SCOTUS #economy #FederalReserve

Seán Fenian

@zakalwe@plasmatrap.com replied · 4 days ago

@Nonilex@masto.ai precedent...?

Nonilex

@Nonilex@masto.ai replied · 4 days ago

@zakalwe

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