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The Supreme Court ruled to maintain Lisa Cook's position as a Federal Reserve governor, indicating that the central bank should operate independently of presidential control. The ruling did not clarify the standards for removing a Fed governor or the necessary procedures, leaving significant ambiguity regarding presidential authority over such appointments.
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The Supreme Court ruled to maintain Lisa Cook's position as a Federal Reserve governor, indicating that the central bank should operate independently of presidential control. The ruling did not clarify the standards for removing a Fed governor or the necessary procedures, leaving significant ambiguity regarding presidential authority over such appointments.
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SCOTUS punts Fed independence question to future courts
Supreme Court Ruling Maintains Lisa Cook's Position on Federal Reserve Board