🚨 Trump’s EMERGENCY MOTION on Fed BACKFIRES INSTANTLY
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Appellate Court Blocks Trump’s Attempt to Fire Federal Reserve Governor Lisa Cook, Shifting Battle to Supreme Court
Understand precisely why Federal Reserve Governor Lisa Cook remains eligible to cast votes this week and the looming legal fight that threatens the independence of the US monetary policy apparatus.
Short Summary
- A Federal Appellate Court overturned the basis for Lisa Cook’s attempted removal, ruling that former President Trump denied her Fifth Amendment due process rights.
- This ruling allows Cook to participate in ongoing Federal Open Markets Committee (FOMC) meetings, preserving Fed independence from unilateral executive action regarding monetary policy.
- Donald Trump plans an immediate emergency appeal to the Supreme Court, which will likely force a swift decision on whether an officer with "for cause" protection is owed procedural rights before termination.
This analysis details the 2-1 ruling favoring Cook, breaking down the due process arguments used by the court while highlighting the immediate threat posed by an expected emergency filing to the Supreme Court (SCOTUS). Paying attention to this conflict is crucial as it directly impacts who controls US monetary policy levers.
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Top Comments (10)
I hope Ms. Cook sues for defamation. Bill Pulte now has zero credibility. Nice try though, Bill.
They want to get rid of women & people of color. Absolutely sickening.
Cook is another brilliant black woman whose intelligence and accomplishments makes Trump look and feel like the weak lump that he is.
We're with you Ms. Cook! Stand your ground all the way! Thank you, Michael.
Time for Ms Cook to sue trump for defamation. The president doesn't have the Constitutional right to defame anyone but that never stops this idiot.
An accusation of fraud from someone convicted of 34 counts of fraud. Make this make sense.
I also hope Lisa sues for defamation. Are people so stupid to think there would be no evidence of her paperwork that would show Rump and his regime were lying!! What a bunch of damn fools. SMH. Again, another frivolous, malicious lawsuit with no merit. What a waste of taxpayer money!!
I'm so sick of Trumps Revenge Tour!!! This is costing all of us!
Can we learn how many emergency petitions has been requested by the President to the Supreme Court?
I like presidents that doesn’t hire corrupt lawyers that knowingly do criminal wrong doing!!
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Top Comments (10)
I hope Ms. Cook sues for defamation. Bill Pulte now has zero credibility. Nice try though, Bill.
They want to get rid of women & people of color. Absolutely sickening.
Cook is another brilliant black woman whose intelligence and accomplishments makes Trump look and feel like the weak lump that he is.
We're with you Ms. Cook! Stand your ground all the way! Thank you, Michael.
Time for Ms Cook to sue trump for defamation. The president doesn't have the Constitutional right to defame anyone but that never stops this idiot.
An accusation of fraud from someone convicted of 34 counts of fraud. Make this make sense.
I also hope Lisa sues for defamation. Are people so stupid to think there would be no evidence of her paperwork that would show Rump and his regime were lying!! What a bunch of damn fools. SMH. Again, another frivolous, malicious lawsuit with no merit. What a waste of taxpayer money!!
I'm so sick of Trumps Revenge Tour!!! This is costing all of us!
Can we learn how many emergency petitions has been requested by the President to the Supreme Court?
I like presidents that doesn’t hire corrupt lawyers that knowingly do criminal wrong doing!!