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
#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
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
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.
@Nonilex@masto.ai precedent...?
