"In this member-exclusive episode, co-hosts Dahlia Lithwick and Mark Joseph Stern discuss the Supreme Court's fact-free foray into Trump v. Cook, a case that economists warn could crater the economy. President Donald Trump spent the first weeks of his second stint in the White House firing a lot of people from government agencies. For the most part, the High Court's conservative justices let it slide, in line with their general "he's the President, let him do it" posture."
"But Federal Reserve governor Lisa Cook was different. In August, Trump fired off a post on Truth Social, then sacked Cook a few days later, leaving a huge question mark hanging over the independence of the Fed. Turns out, that's a very big deal for anyone who wants to avoid hyperinflation and economic disaster. During Wednesday's arguments, it was clear that even Trump's hand-picked justices felt as though they would like to avoid such catastrophes."
President Donald Trump removed Federal Reserve governor Lisa Cook after a Truth Social post, creating a direct threat to the Fed's independence. Economists warn that unchecked presidential authority to fire Fed officials could destabilize monetary policy and risk hyperinflation or broader economic disaster. The Supreme Court considered Trump v. Cook to determine the limits of presidential removal power. Conservative justices showed reluctance to endorse unrestrained removal when economic stability and retirement savings are at risk. Oral arguments reflected worry, fear, and frustration about potential economic consequences alongside legal analysis.
Read at Slate Magazine
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