Trump v. Cook (For Cause Removal (Federal Reserve))

Send us Fan Mail In Trump v. Cook, the Supreme Court denied the Government's application to stay an injunction reinstating Federal Reserve Governor Lisa Cook, whom President Trump had fired over alleged mortgage fraud predating her appointment. The Court held that the Federal Reserve Act's "for cause" removal standard is judicially reviewable, that "cause" requires a substantial showing reflecting the Fed's unique independence, and—resolving the case on this narrow ground—that the President f...