Supreme Court Refuses To Allow Trump To Remove Cook Pending January Hearing
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Supreme Court Temporarily Rejects Trump's Bid to Remove Fed Governor Cook
Above: Federal Reserve governor Lisa Cook in Sintra, Portugal on July 3, 2024. Image copyright: Horacio Villalobos/Corbis/Getty Images
The Spin
Republican narrative
It's disappointing that SCOTUS has pushed this decision into next year. Evidence shows Cook is still benefiting from mortgage fraud, and Americans shouldn't have interest rates set by someone who appears to have lied about material financial facts. If Trump doesn't have the Article II power to fire anyone he wants in the executive branch, that creates a shadow fourth branch of government that wasn't intended by the founders.
Democratic narrative
SCOTUS has properly blocked Trump's baseless attempt to fire Cook over unproven mortgage fraud allegations. It's refreshing that, for once, SCOTUS agreed a fired official deserves a hearing, and Trump's order to fire someone should be stayed. Federal courts already sided with Cook, and every living former Fed chair has warned that removing her would threaten the Fed's crucial independence from politics.