Trump’s Firing of a Fed Governor

If you listened to the January 21 oral argument in Trump v. Cook, you may have wondered, as I did, “Where did our stuck-in-the-18th-century-don’t-talk-to-us-about-the-real-world” Supreme Court go to? Except for Justice Clarence Thomas’s initial question, “On what basis are we to conclude that the Federal Reserve is an executive branch agency and, hence, that the president does have removal authority?” there was no hint of concern about ancient categorizations of federal power. Instead, we had Chief Justice John Roberts pointing out that...