I listened to Trump’s #WEF speech when I should have been listening to oral arguments at #SCOTUS.
The Supreme Court repeatedly questioned a lawyer for the #Trump admin about whether the president exceeded his authority in firing #LisaCook, a member of the #FederalReserve board, in a case with potentially enormous consequences for the #economy.
Nonilex
in reply to Nonilex • • •During the oral arguments, Justice Brett M. #Kavanaugh pressed Trump’s representative, Solicitor General D. John #Sauer, over the idea that a victory for #Trump could allow future admins to try to dismiss #Fed officials “at will.” [because, it’s only okay if this admin does it 🤦🏼♀️]
In the first hour, the justices sounded wary of siding with Trump’s view that he should have full discretion to decide what actions are grounds for removal.
#law #FederalReserve #economy #independence #SCOTUS
Lizzie
in reply to Nonilex • • •Matt Chambers
in reply to Nonilex • • •Nonilex
in reply to Nonilex • • •The #FederalReserve sets #MonetaryPolicy & #InterestRates, among other duties, & when #Congress established it, lawmakers worked to insulate it from #political #influence. Its leaders have 14-year terms & may be removed only “for cause.” But #Trump has increasingly attacked the #Fed, pressuring it to lower interest rates as well as trying to push out its chair, #JeromePowell, & fire board governor #LisaCook.
#law #economy #independence #SCOTUS #authoritarianism
Nonilex
in reply to Nonilex • • •The justices have signaled that the #Fed may be uniquely protected from presidential meddling, even as the court’s conservative majority has allowed #Trump to fire leaders of other #independent #FederalAgencies.
#law #FederalReserve #economy #independence #SCOTUS #authoritarianism
Nonilex
in reply to Nonilex • • •#Trump has made clear he wants the chance to stack the nation’s #CentralBank with #political #loyalists. In court, the admin has strenuously steered clear of this rhetoric. Outside of court, though, Trump has repeatedly boasted about the changes he hopes to bring to the #Fed.
#law #FederalReserve #economy #independence #SCOTUS #authoritarianism
nytimes.com/2026/01/21/us/poli…
Nonilex
in reply to Nonilex • • •#SCOTUS seems inclined to reject Trump’s effort to immediately oust #FederalReserve governor #LisaCook after hearing oral arguments Wednesday.
the #US #economy & the #independence of the nation’s #CentralBank are at stake in the case.
#Trump has been highly critical of what he sees as the slow pace of #InterestRate reductions by the #Fed under the leadership of Chair #JeromePowell [because he wants it to appear as if the economy is doing well, even if it isn’t].
#law
apnews.com/live/supreme-court-…
Nicole Parsons
in reply to Nonilex • • •Remember the names of the Wall Street Republican billionaires who paid to get control of the global monetary system.
Anyone working with these folks is volunteering for a global recession and/or world war
mstdn.social/@Npars01/11593552…
1. SpaceX $288,723,409
2. Adelson Clinic/Miriam Adelson $146,881,700
3. Uline Inc $146,027,201
4. Citadel LLC $108,669,316
5. Susquehanna International Group $101,468,362
6. Andreessen Horowitz $89,036,553
7. Empower Parents PAC $82,500,000
1/
Remember the names of the Wall Street Republican billionaires who paid to get control of the global monetary system.
Anyone working with these folks is volunteering for a global recession and/or world war
mstdn.social/@Npars01/11593552…
1. SpaceX $288,723,409
2. Adelson Clinic/Miriam Adelson $146,881,700
3. Uline Inc $146,027,201
4. Citadel LLC $108,669,316
5. Susquehanna International Group $101,468,362
6. Andreessen Horowitz $89,036,553
7. Empower Parents PAC $82,500,000
1/
Nicole Parsons
2026-01-21 22:48:25
Thad
in reply to Nonilex • • •Dealiah
in reply to Nonilex • • •PG19582🇺🇸🇹🇩🇺🇦🇵🇸
in reply to Nonilex • • •Davie Duck
in reply to Nonilex • • •Davie Duck
in reply to Nonilex • • •PG19582🇺🇸🇹🇩🇺🇦🇵🇸
in reply to Nonilex • • •