Sept 15 (Reuters) – A U.S. appeals court declined on Monday to allow Donald Trump to fire Federal Reserve Governor Lisa Cook – the first time a president has pursued such action since the central bank's founding in 1913 – in the latest step in a legal battle that threatens the Fed's longstanding independence.
The decision by the U.S. Court of Appeals for the District of Columbia Circuit means that Cook can for now remain at the Fed ahead of its policy meeting on Tuesday and Wednesday where it is expected to cut U.S. interest rates to shore up a cooling labor market.
Pretty huge because that means she will be present at the policy meeting to determine if and how much of a rate cut we will get
Appeals court declines to let Trump remove Fed Governor Cook
byu/Fidler_2K instocks
Posted by Fidler_2K
14 Comments
For now……
Uh oh speghettios
Pretty epic if she is the sole no cut vote just to troll. But she’s probably not that petty and votes for a single cut
Reminder that the allegations against her appear to be completely false.
She produced documentation showing the home in question was listed as a vacation home (not a primary residence, as alleged) in mortgage documents.
#CookIsntCooked
Shadow docket incoming
Now Bill Pulte can concentrate on the possible mortgage fraud those in the Trump cabinet are engaging in.
“Three Cabinet members—Sean Duffy (Transportation Secretary), Lee Zeldin (EPA Administrator), and Lori Chavez-DeRemer (Labor Secretary)—were found to have taken out multiple primary residence mortgages, according to public records and financial disclosures.”
https://www.propublica.org/article/trump-cabinet-mortgage-fraud
There will be no cut now (last time only 2 out of 12 governors voted for it) 😉
I see it here first. No news outlet I’ve seen talked about it.
[ Removed by Reddit ]
Trump will appeal likely appeal to the Supreme Court
This is an attack on Trump’s ego and he won’t back down
Unhinged post from Trump coming right up
Guess whose fault everything will be now. “If only these left wing radical courts would have let me fire Cook and Powell the economy would be perfect!”
Too late for him to run to the Supreme Court, right?
Trump got his boy in so the shit bout to hit the fan anyways
Is ironic that Trump is doing this to get rate cuts to keep the markets afloat until the midterms but it will probably blow back on US debt by the 2028 election (if it happens).