Home New York Times Trump Again Escalates Power Grabs in Bid to Fire Fed Member

Trump Again Escalates Power Grabs in Bid to Fire Fed Member

FILE - Federal Reserve Chairman Jerome Powell, and Board of Governors member Lisa Cook, right, listen during an open meeting of the Board of Governors at the Federal Reserve, June 25, 2025, in Washington. (AP Photo/Mark Schiefelbein, File)

President Trump’s bid to fire a member of the Federal Reserve board is a new escalation of his efforts to amass more power over American government and society: Congress generations ago structured the agency, crucial to the health of the economy, to be independent of White House control.

In purporting to fire the board member, Lisa D. Cook, Mr. Trump is setting up another test of how far the Republican-appointed supermajority on the Supreme Court will let him go in eroding the checks and balances Congress has long imposed on executive power.

His attempt to fire Ms. Cook presents a new twist. It raises the question of whether he alone can decide whether there is cause to fire an official at an independent agency whose leaders are protected by law from arbitrary removal — or whether courts will be willing and able to intervene if judges believe his justification is a pretext.

Faith Based Events

But the move to oust Ms. Cook, whom the Senate confirmed for a term that ends in 2038, also fits into a now familiar arc, joining the various ways Mr. Trump has systematically accumulated greater authority.

Mr. Trump has stretched the bounds of some legal authorities, like prolifically declaring emergencies to unlock more expansive power, sending troops into the streets of American cities, unilaterally raising import taxes and blocking spending Congress had directed. In this case, he is pushing at the limits of a statute that says Fed board members serve 14-year terms unless removed “for cause” by a president.

Continue reading


Disclaimer

The information contained in South Florida Reporter is for general information purposes only.
The South Florida Reporter assumes no responsibility for errors or omissions in the contents of the Service.
In no event shall the South Florida Reporter be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. The Company reserves the right to make additions, deletions, or modifications to the contents of the Service at any time without prior notice.
The Company does not warrant that the Service is free of viruses or other harmful components