Get audio access with any FP subscription. Subscribe Now ALREADY AN FP SUBSCRIBER? LOGIN

Get audio access with any FP subscription.

ALREADY AN FP SUBSCRIBER? LOGIN

Welcome to FP Free Week. To celebrate America’s 250th birthday, our entire site is completely unlocked this week only. Enjoy the article.

The U.S. Supreme Court ruled on Monday that President Donald Trump’s “purported” firing of Federal Reserve Board member Lisa Cook last summer was improper, in yet another blow to Trump’s yearslong effort to emasculate the world’s most important central bank.

Interestingly, the court also issued a ruling in a separate case upholding Trump’s ability to fire members of a different body: the Federal Trade Commission. That ruling overturned nearly a century-old legal precedent. 

The U.S. Supreme Court ruled on Monday that President Donald Trump’s “purported” firing of Federal Reserve Board member Lisa Cook last summer was improper, in yet another blow to Trump’s yearslong effort to emasculate the world’s most important central bank.

Interestingly, the court also issued a ruling in a separate case upholding Trump’s ability to fire members of a different body: the Federal Trade Commission. That ruling overturned nearly a century-old legal precedent. 

Yet the contrast between the two rulings is not an accident: It’s precisely because the U.S. Federal........

© Foreign Policy