Breitbart Business Digest: Does Lisa Cook Own Her Fed Governorship?

The Other Problem with Lisa Cook’s “Property”

The fight over Lisa Cook’s seat on the Board of Governors of the Federal Reserve turns on a deceptively simple question: does a Fed governor have a property right in exercising her power over monetary policy?

The Trump administration petitioned the Supreme Court on Thursday to allow President Trump to boot Cook from the Fed while the lower courts wrestle over the question of his authority to permanently remove her. At the heart of the case is an important principle of American law: a public office is a public trust, not private property .

The United States is a republic, not a monarchy. As our first…

Read the full article at BREITBART.COM