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SCOTUS punts Fed independence question to future courts

On the surface, Monday's Supreme Court ruling that keeps Lisa Cook in place as a Federal Reserve governor for now was a win for believers that the central bank works best when insulated from the day-to-day control of the president. The details aren't so clear. The big picture: The court punted on several key questions that will determine how much ability President Trump and his successors have to fire Fed governors. Moreover, the decision was closer than many court watchers anticipated, with fo…

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AxiosCenter·3h ago
SCOTUS punts Fed independence question to future courts
On the surface, Monday's Supreme Court ruling that keeps Lisa Cook in place as a Federal Reserve governor for now was a win for believers that the central bank works best when insulated from the day-to-day control of the president. The details aren't so clear. The big picture: The court punted on several key questions that will determine how much ability President Trump and his successors have to fire Fed governors. Moreover, the decision was closer than many court watchers anticipated, with fo…
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SCOTUS punts Fed independence question to future courts

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