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Supreme Court, for now, blocks Trump from firing Federal Reserve Board appointee

Key Points

The Supreme Court on Monday blocked President Donald Trump from immediately firing a Democratic appointee to the Federal Reserve Board, a major ruling that preserves the independence of the powerful central bank, which guides the U.S. economy. Democracy Dies in Darkness Supreme Court, for now, blocks Trump from firing Federal Reserve Board appointee The decision is a setback for Trump, who alleged that Lisa Cook committed mortgage fraud and has complained that the Fed is not dropping...

The Supreme Court on Monday blocked President Donald Trump from immediately firing a Democratic appointee to the Federal Reserve Board, a major ruling that preserves the independence of the powerful central bank, which guides the U.S. economy. Democracy Dies in Darkness Supreme Court, for now, blocks Trump from firing Federal Reserve Board appointee The decision is a setback for Trump, who alleged that Lisa Cook committed mortgage fraud and has complained that the Fed is not dropping interest rates quickly enough.
Supreme Court (ORG) Trump (ORG) Federal Reserve Board (ORG) The Supreme Court (ORG) Donald Trump (PERSON) Democratic (ORG) the Federal Reserve Board (ORG) U.S. (LOCATION) Darkness Supreme Court (ORG) Lisa Cook (PERSON) Fed (ORG)
Originally published by Washington Post Politics Read original →