The #FederalReserve sets #MonetaryPolicy & #InterestRates, among other duties, & when #Congress established it, lawmakers worked to insulate it from #political #influence. Its leaders have 14-year terms & may be removed only “for cause.” But #Trump has increasingly attacked the #Fed, pressuring it to lower interest rates as well as trying to push out its chair, #JeromePowell, & fire board governor #LisaCook.
Discussion
Loading...
@Nonilex you get an ovation for listening to him! Hope you are doing well. 💜
During the oral arguments, Justice Brett M. #Kavanaugh pressed Trump’s representative, Solicitor General D. John #Sauer, over the idea that a victory for #Trump could allow future admins to try to dismiss #Fed officials “at will.” [because, it’s only okay if this admin does it 🤦🏼♀️]
In the first hour, the justices sounded wary of siding with Trump’s view that he should have full discretion to decide what actions are grounds for removal.
The #FederalReserve sets #MonetaryPolicy & #InterestRates, among other duties, & when #Congress established it, lawmakers worked to insulate it from #political #influence. Its leaders have 14-year terms & may be removed only “for cause.” But #Trump has increasingly attacked the #Fed, pressuring it to lower interest rates as well as trying to push out its chair, #JeromePowell, & fire board governor #LisaCook.
The justices have signaled that the #Fed may be uniquely protected from presidential meddling, even as the court’s conservative majority has allowed #Trump to fire leaders of other #independent #FederalAgencies.
#law #FederalReserve #economy #independence #SCOTUS #authoritarianism
@Nonilex this Court has shown that "looks" truly can be deceiving so I'm going with that Missouri state motto...Show Me. I don't hear a woman singing either.
@Nonilex Yes, because their finances would be affected as well. Apparently, principles only matter when there is a personal stake involved.
@Nonilex I've long said that they'll let Trump get away with anything he wants as long as he doesn't fuck with the money. Guess we'll see if I'm right.
#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
Remember the names of the Wall Street Republican billionaires who paid to get control of the global monetary system.
Anyone working with these folks is volunteering for a global recession and/or world war
https://mstdn.social/@Npars01/115935523994875440
1. SpaceX $288,723,409
2. Adelson Clinic/Miriam Adelson $146,881,700
3. Uline Inc $146,027,201
4. Citadel LLC $108,669,316
5. Susquehanna International Group $101,468,362
6. Andreessen Horowitz $89,036,553
7. Empower Parents PAC $82,500,000
1/
#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
@Nonilex The Court will rule against Trump, because big business and $ win over Trump. Rare exception to the Trump Always Wins rule. (Same with tariffs.)
@Nonilex ffs the upside down has taken over