What the Supreme Court Cooked Up Monday
The Supreme Court on Monday held that Lisa Cook can keep her job as a governor of the Federal Reserve—for now.
The case stemmed from President Trump’s attempt to remove Cook from the Fed after the federal housing finance regulator uncovered evidence of shenanigans regarding her mortgage applications and referred the case to the Justice Department. President Trump first demanded, in a Truth Social post, that Cook step down. A few days later, he issued a letter in which he purported to remove her from office.
Cook sued, of course. Her attorneys claimed that the mortgage allegations were insufficient to meet…
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