#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
https://www.nytimes.com/2026/01/21/us/politics/trump-supreme-court-fed.html?smid=url-share
#SCOTUS seems inclined to reject Trump’s effort to immediately oust #FederalReserve governor #LisaCook after hearing oral arguments Wednesday.
the #US #economy & the #independence of the nation’s #CentralBank are at stake in the case.
#Trump has been highly critical of what he sees as the slow pace of #InterestRate reductions by the #Fed under the leadership of Chair #JeromePowell [because he wants it to appear as if the economy is doing well, even if it isn’t].
#law
https://apnews.com/live/supreme-court-lisa-cook-federal-reserve-arguments-updates?utm_source=onesignal&utm_medium=push&utm_campaign=2026-01-21-Breaking+News
