Business & Finance
Trump Lost the Fed Battle, But Look What He Won
Key Points
Trump Lost the Fed Battle, But Look What He Won The Supreme Court cleared his right to fire regulators at will — like in markets, crypto. To get John Authers’ newsletter delivered directly to your inbox, sign up here. Channeling Chrissie Hynde, the Fed is special.
Trump Lost the Fed Battle, But Look What He Won
The Supreme Court cleared his right to fire regulators at will — like in markets, crypto.
To get John Authers’ newsletter delivered directly to your inbox, sign up here.
Channeling Chrissie Hynde, the Fed is special. That’s what the US Supreme Court has decided in a dramatic pair of rulings that the president cannot fire Lisa Cook as a Federal Reserve governor without allowing her due process over allegations of mortgage fraud, but that he can fire officials at other independent federal agencies more or less at will.