Supreme Court Gets New Warning Over Donald Trump Move

Former Federal Reserve chairs Alan Greenspan, Ben Bernanke and Janet Yellen, along with other top economic officials appointed by presidents of both parties, urged the Supreme Court on Thursday to protect the central bank’s independence and allow Fed Governor Lisa Cook to remain in her post while her lawsuit moves forward.

Why It Matters

The filing came as justices consider an emergency appeal from the Trump administration seeking Cook’s removal, even as she challenges President Donald Trump’s attempt to fire her. Trump announced on August 25 that he was firing Cook, “in light of your deceitful and potentially criminal conduct in a financial matter,” adding that he no longer had “confidence in your integrity.” He cited allegations of mortgage fraud.

The case has sparked questions about presidential power and the independence of the Federal Reserve under the Trump administration.

What to Know

The former officials warned that immediately ousting Cook “would expose the Federal Reserve to political influences, thereby eroding public confidence in the Fed’s independence and jeopardizing the credibility and efficacy of U.S. monetary policy.”

https://www.msn.com/en-us/money/markets/supreme-court-gets-new-warning-over-donald-trump-move/ar-AA1NiVfd

They can buy Clarence Thomas's vote with a new RV and Kavanaugh's with a case of beer.