Source: The American Prospect
by Robert Kuttner
“Last night, in a letter posted to social media, President Trump tried to deliver on his threat to fire Federal Reserve governor Lisa Cook on trumped-up charges of mortgage fraud. Except that Trump doesn’t have the authority to fire a sitting governor with a term appointment, and Cook made clear that she is not going anywhere. The Supreme Court, in Trump v. Wilcox, recently indicated that it considers Fed appointees as sacrosanct, unlike other independent agencies where the Court held that a president can replace even term appointees. This is of course ludicrous: As Georgetown Law’s Josh Chafetz explains, the Roberts Court’s extreme effort to split the baby by claiming that Federal Reserve appointees hold some special status … is ‘transparent bullshit designed to simultaneously serve the conservative legal movement’s interest in deregulation via the ‘unitary executive’ and corporate interests in not crashing the economy.'” (08/26/25)
https://prospect.org/economy/2025-08-26-trump-attempts-take-over-fed-lisa-cook/