MarketPR
A 5-4 Supreme Court ruling has allowed Federal Reserve Governor Lisa Cook to remain in her post while her legal challenge to President Donald Trump's firing proceeds, with the justices determining that the Federal Reserve holds a unique constitutional position among independent federal agencies.
The decision caps a case that drew an extraordinary show of force from the architects of five decades of American economic policy — and sets up a defining test of presidential power over the central bank.
Every Living Former Fed Chair Signed the Brief The amicus brief filed in support of Cook's position carried names rarely seen in a federal court filing.
Every living former chair of the Federal Reserve — Alan Greenspan, Ben Bernanke, and Janet Yellen — added their signatures, alongside six former Treasury secretaries drawn from administrations of both parties and seven former White House economic advisors.
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