Despite the Trump Administration attempting to use the Supreme Court to unseat Lisa Cook from the Federal Reserve, it appears likely the Court is not only looking to side with Cook over her firing from the Fed last summer, but also to side with her.
During a two-hour argument on Wednesday (Jan. 21), many conservative judges on the court joined their liberal counterparts as Cook’s lawyers argued that her dismissal would create “chaos” in the markets and destroy the central bank’s independence from White House politics. In recent months, Trump has targeted Fed Chair Jerome Powell, even though he appointed Powell to the position during his first term. Read more at www.thegrio.com.
