The High Court Sinks Trump’s Federal Reserve Ploy

The Supreme Court today signaled that it would not allow Trump to fire Federal Reserve governor Lisa Cook, as conservative justices sided with the Court’s three liberals. Allowing Trump to fire Cook based on flimsy evidence in the absence of a hearing, Justice Kavanaugh said, would “weaken, if not shatter, the independence of the Federal Reserve.”

“What goes around comes around,” Kavanaugh added, warning U.S. Solicitor General D. John Sauer that if the Court upheld Trump, a future president...