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The US Supreme Court will hear a case that could determine whether the president can fire Federal Reserve governors at will, or whether the central bank remains insulated from political pressure, as Congress intended

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27,253 просмотров • 8 месяцев назад •via X (Twitter)

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Federal Reserve Chair Jerome Powell said that he attended last week's Supreme Court arguments over President Donald Trump's effort to fire Fed Governor Lisa Cook because of the case's importance to the US central bank
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Powell: The threat of criminal charges is a consequence of the federal reserve setting interest rates based on our best assessment of what will serve the public rather than following the preferences of the president This is about whether the fed will be able to continue to set interest rates based on evidence and economic conditions or whether instead monetary policy will be directed by political pressure or intimidation.
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President Trump said “I don’t think so” when asked if more firings are expected after the Supreme Court overturned a 90-year-old decision that allowed Congress to shield members of certain independent agencies from being fired by the president at will. “It gives a president the right to do what the president should have the right to do,” Trump said. The decision from the high court expands the president's power over many independent boards and commissions, which Congress had insulated from political pressure by saying their members could only be removed by the president for cause.

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“WE CANNOT BIND THE SUBSEQUENT CONGRESS.” WATCH: Senate President Chiz Escudero says the impeachment court will convene on June 11 under the 19th Congress — unless the majority decides otherwise. He adds it will be up to the 20th Congress to decide on whether to continue with Vice President Sara Duterte’s trial. He earlier proposed a July 30 start, amid questions on whether proceedings can carry over to the next Congress—an issue that may reach the Supreme Court | Eimor Santos
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“WE CANNOT BIND THE SUBSEQUENT CONGRESS.” WATCH: Senate President Chiz Escudero says the impeachment court will convene on June 11 under the 19th Congress — unless the majority decides otherwise. He adds it will be up to the 20th Congress to decide on whether to continue with Vice President Sara Duterte’s trial. He earlier proposed a July 30 start, amid questions on whether proceedings can carry over to the next Congress—an issue that may reach the Supreme Court | Eimor Santos

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