politics
SCOTUS spares Lisa Cook
Key takeaways
- Trump became the first president to attempt to fire a Fed board member in its 112-year history when he sacked Cook last year over accusations of mortgage fraud.
- Chief Justice John Roberts wrote that the president didn t provide her enough process to contest the allegations.
- To be clear, the ultimate question of whether the President can remove Cook for cause will depend in part on the underlying facts, Roberts wrote.
Why this matters: political developments that affect policy direction and public trust.
Trump became the first president to attempt to fire a Fed board member in its 112-year history when he sacked Cook last year over accusations of mortgage fraud.
Chief Justice John Roberts wrote that the president didn t provide her enough process to contest the allegations.
To be clear, the ultimate question of whether the President can remove Cook for cause will depend in part on the underlying facts, Roberts wrote.
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