Watch All Shows Victor Davis Hanson Tony Kinnett Daily Signal Signal Sitdown

Watch All Shows Victor Davis Hanson Tony Kinnett Daily Signal Signal Sitdown

Home – Legal News – High Court Makes High-Stakes Ruling in Federal Reserve Case

High Court Makes High-Stakes Ruling in Federal Reserve Case

The Supreme Court held in a 5‑4 ruling that the president can’t fire members of the Federal Reserve Board of Governors without cause.

The majority held that Trump’s attempted firing of Federal Reserve Board Governor Lisa Cook violated the statutory requirement that the removal be for cause only. The justices determined that Cook was entitled to notice and an opportunity to be heard before her removal, affirming a lower court ruling in Cook’s favor.

Justices heard the case of Trump v. Cook in January. In an October emergency docket ruling, the court ruled that Cook could continue in her job after Trump attempted to oust her, while the justices further........

© The Daily Signal