Federal Reserve
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A federal judge has halted President Donald Trump’s attempt to remove Federal Reserve Governor Lisa Cook, ruling that the president had not demonstrated legally valid grounds for her dismissal. The decision underscores the limits of presidential power over independent regulatory agencies and sets the stage for a significant constitutional showdown over executive authority and central…
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The U.S. Supreme Court’s recent ruling could trigger a surge of legal challenges against longstanding regulations, according to Justice Ketanji Brown Jackson. In a 6-3 decision, the court ruled that North Dakota truck stop Corner Post could sue the Federal Reserve over a 2011 credit card swipe fee regulation. Justice Jackson, in her dissent, warned…
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