Dollar Drops as Trump Says He's Firing Fed Governor Cook

Does she keep her job while the case plays out or is she cooked?

JumpCrisscross 11 hours ago | parent | next [-]

> Does she keep her job while the case plays out or is she cooked?

We may very well have multiple people claiming legal authority to vote at the FOMC.

	▲	Terr_ 10 hours ago \| parent [-]
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duxup 10 hours ago | parent | prev | next [-]

Every time a judge has intervened in Trump’s actions the majority in SCOTUS has called off any chance of real confrontation or consequences.

They allow the cases to continue but it’s almost a joke as everyone still ends up fired or funding cut so it’s effectively green lighting any executive action.

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10 hours ago | parent | prev [-]

[deleted]

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mitchbob 11 hours ago | parent | prev | next [-]

https://archive.ph/AMQJx

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ChrisArchitect 10 hours ago | parent | prev | next [-]

[dupe] Earlier: https://news.ycombinator.com/item?id=45020924

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ncr100 11 hours ago | parent | prev [-]

https://www.nbcmiami.com/news/politics/trump-removing-federa...

"Cook, the first Black woman to serve on the Federal Reserve Board, responded by saying she has done nothing wrong and Trump cannot fire her."

And:

Sen. Elizabeth Warren of Massachusetts, the top Democrat on the Banking Committee, said in a statement: “The illegal attempt to fire Lisa Cook is the latest example of a desperate President searching for a scapegoat to cover for his own failure to lower costs for Americans. It’s an authoritarian power grab that blatantly violates the Federal Reserve Act, and must be overturned in court.”