Trump asks Supreme Court to OK Cook ouster
In his attempt to seize control of the US central bank, the president seeks permission to oust Federal Reserve Board Governor Lisa Cook
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
You are now subscribed
Your newsletter sign-up was successful
What happened
President Donald Trump Thursday asked the Supreme Court for permission to immediately oust Federal Reserve Board Governor Lisa Cook, escalating his unprecedented effort to seize control of the independent U.S. central bank. Trump petitioned Chief Justice John Roberts for an administrative stay that would effectively remove Cook from the Fed board before the full court considered his emergency appeal.
Who said what
Trump’s request sets up a “key test of presidential power with potentially huge economic consequences,” The New York Times said. While the high court’s conservative majority has “repeatedly allowed” Trump to “at least provisionally” fire other nominally independent agency heads without a stated reason, the justices have also “suggested that the Fed may be uniquely insulated from presidential meddling under the law.”
Trump’s “incursion on the Federal Reserve” represents the “culmination of his bid to assume control of all facets of the executive branch,” no matter their intended insulation, said Politico. The Justice Department argues that unsubstantiated allegations of mortgage fraud, “made by a Trump political appointee,” give the president sufficient “cause” to fire Cook, The Wall Street Journal said. Cook and her lawyers deny the allegations, calling them a “pretext for her firing to vacate a seat” on the Fed board and pointing to exculpatory documents.
What next?
Cook’s lawsuit challenging her ouster will continue in federal court — where a judge and appellate court have blocked the firing as likely unlawful — regardless of whether Roberts grants Trump’s request. The next scheduled Fed meeting begins Oct. 28.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Rafi Schwartz has worked as a politics writer at The Week since 2022, where he covers elections, Congress and the White House. He was previously a contributing writer with Mic focusing largely on politics, a senior writer with Splinter News, a staff writer for Fusion's news lab, and the managing editor of Heeb Magazine, a Jewish life and culture publication. Rafi's work has appeared in Rolling Stone, GOOD and The Forward, among others.
-
Democrats push for ICE accountabilityFeature U.S. citizens shot and violently detained by immigration agents testify at Capitol Hill hearing
-
The price of sporting gloryFeature The Milan-Cortina Winter Olympics kicked off this week. Will Italy regret playing host?
-
Fulton County: A dress rehearsal for election theft?Feature Director of National Intelligence Tulsi Gabbard is Trump's de facto ‘voter fraud’ czar
-
Japan’s Takaichi cements power with snap election winSpeed Read President Donald Trump congratulated the conservative prime minister
-
Trump links funding to name on Penn StationSpeed Read Trump “can restart the funding with a snap of his fingers,” a Schumer insider said
-
Trump reclassifies 50,000 federal jobs to ease firingsSpeed Read The rule strips longstanding job protections from federal workers
-
Supreme Court upholds California gerrymanderSpeed Read The emergency docket order had no dissents from the court
-
Is the Gaza peace plan destined to fail?Today’s Big Question Since the ceasefire agreement in October, the situation in Gaza is still ‘precarious’, with the path to peace facing ‘many obstacles’
-
Vietnam’s ‘balancing act’ with the US, China and EuropeIn the Spotlight Despite decades of ‘steadily improving relations’, Hanoi is still ‘deeply suspicious’ of the US as it tries to ‘diversify’ its options
-
Trump demands $1B from Harvard, deepening feudSpeed Read Trump has continually gone after the university during his second term
-
Trump’s Kennedy Center closure plan draws ireSpeed Read Trump said he will close the center for two years for ‘renovations’
