Supreme Court justices expressed frustration with 'hurried' Trump administration handling of Lisa Cook case

"Eight of the nine Supreme Court justices expressed wariness with what Justice Samuel Alito described as a "hurried" attempt from the Trump administration to oust Lisa Cook from her position as a Federal Reserve board governor - and then to rush her case to the high court when lower courts allowed her to keep her post. Several members of the Republican-appointed majority also expressed sharp disagreement with the Trump administration's claim that judges lack the authority to review a president's power to fire"

""Your position that there's no judicial review, no process required, no remedy available, very low bar for cause, that the president alone determines - and that would weaken, if not shatter, the independence of the Federal Reserve," Justice Brett Kavanaugh, a Trump appointee, told Solicitor General John Sauer. The Supreme Court's decision could have broad ramifications for Federal Reserve independence, a cornerstone of American monetary policy and the status of the dollar as the world's reserve currency."

Eight of nine justices expressed wariness about a hurried Trump administration attempt to oust Federal Reserve governor Lisa Cook and then rapidly bring the case to the Supreme Court after lower courts allowed her to remain. Several Republican-appointed justices disagreed with the administration's claim that judicial review is unavailable over a president's power to remove Fed board members. Justice Brett Kavanaugh warned that an unchecked presidential removal power could weaken or shatter the Fed's independence. The Court's ruling could have broad implications for central bank independence, U.S. monetary policy, and the dollar's reserve status. The hearing followed a Justice Department probe into Fed Chair Jerome Powell's office renovations, which Powell called a pretext.

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