Federal Reserve Firing at the Supreme Court. Here Are the Facts.
Last week, the Supreme Court heard oral arguments in Trump v. Cook.
This case came to the court on an expedited basis because in August of last year, President Donald Trump posted on social media a letter addressed to Lisa Cook, telling her, “Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately.”
Cook, of course, didn’t like that and immediately ran to a District of Columbia District Court, which enjoined—stopped—the removal from moving forward. The D.C. Court of Appeals and the U.S. Supreme Court both declined to put that order on hold. But the Supreme Court did agree to hear the case on an expedited basis.
The crux of the case primarily turns on what qualifies as “cause” for removal under........
