The legal battle of Cook Governor against Trump can reach the Supreme Court

president Donald Trump It is trying to try to topple the ruler of the Federal Reserve, Lisa Cook-a non-precedent step in American history-to determine the stage for a high-risk legal battle that is likely to be binding on the US Supreme Court.

The tensions reached a new temperature on Thursday morning after Cook filed a lawsuit against the Trump administration because of its attempt to remove it, an effort that it said was “an unprecedented and illegal pretext through which Trump is looking to control the independent federal reserve, and to install a person” filled and advanced “his economic age.

The case was appointed to the American boycott judge, Jia Cope, who was appointed by the former president Joe BidenSince then, both parties have ordered the court on Friday to attend a standing session, indicating that she wants to move quickly to look at the matter.

The ruler of the Federal Reserve, Lisa Cook, suits Trump

What happened?

The mortgage fraud was presented by Bill Bouti, who is appointed by Trump in an agency organizing Fanny and Faridy Mac. Pulte Cook was accused of asking two initial housing, one in Michigan and another in Georgia in 2021, with the aim of obtaining more favorable loan conditions.

On August 15, send Pulte Ministry of Justice A criminal referral regarding Cook accused her of falsifying banking documents and property records. Following the referral of Bolt, Cook said on August 20 that she had “had no intention of intimidating to step down.”

Cook potential outputs Trump controls the Federal Reserve to form a monetary policy for us

“I intend to take any questions about my financial history seriously as a member of the federal reserve, so I collect accurate information to answer any legitimate questions and provide facts,” Cook wrote in a statement.

This was followed by a speech on August 25 from Trump to Cook, which is published through the social truth, saying it was a “sufficient reason” to launch it and that its dismissal is “effective immediately.”

What do the case say?

to cook suitIt was submitted to the Federal Court Jerome Powell.

Abe Lille, one of Cook’s lawyers, argued that Trump’s attempt to shoot her rights to legal procedures under the fifth amendment, as well as her legal right to a note and a listening session under the Federal Reserve Law, or FRA.

Lowl was previously represented Hunter BidenDirector of Centers for Disease Control and Prevention Suzan MonaresNew York Public Prosecutor, Lettia James, as well as Jared Kushner and Ivanka Trump.

This law prohibits a president from removing members of the Federal Reserve Governor unless they do this “for the reason” – which is often believed to require evidence of misconduct, or shortening duty.

“President Trump’s concept of” reason “has no specific principle,” Cook’s lawyer said in a lawsuit on Thursday. “This will allow him to remove any member of the Federal Reserve Board, with whom he disagrees about the policy based on chalk allegations.”

The complaint calls for a judicial intervention to confirm its position on the Federal Reserve and protect its ability to carry out its duties in the Federal Reserve.

Is there a legal precedent?

The Federal Reserve has designed to determine politics, giving adult members for 14 years, longer than any presidency, to protect the institution from partisan influence.

The Federal Reserve Council, known as the Federal Reserve, is composed of seven members, or rulers, nominated by the president and affirming it by the Senate. This committee is a central banker in charge of planning the nation’s economic path.

A look at the battle that reveals between Trump and Powell on the federal reserve policy

The president has never tried to expel a federal reserve governor of the case and the courts have never been asked to test that authority.

Legal experts say that its ongoing period of work in the bank can manage whether the court has found sufficient evidence on the alleged “bad violations”, then weighs the discretionary authority that the president may have to determine whether this tape has been sufficiently met.

Will this go to the Supreme Court?

Certainly, the issue is a thing from the grandmother supreme court For review.

Although it is not immediately clear how the court can rule, the judges in the conservative majority seat 6-3 may be sympathetic to the Trump administration, at least through the previous administrative residencies granted in similar cases.

The Supreme Court voted in May Adhere to the removal of Trump Among two Democratic appoinals of two multi-organist fields-the National Council for Labor Relations (NLRB) and the MSPB-MSPB-who both challenged them by Trump earlier this year as “illegal”.

FTC’s shooting at Trump’s battle to eradicate agencies

The Supreme Court also affirmed the uniqueness of the federal reserve, which the judges noticed in the two-page opinion, which is “a unique, organized entity, especially in the distinguished historical traditions of the first and second banks of the United States”-to some extent, for other independent horizons.

The Trump administration will definitely strive to relief in the near -term through the so -called “Dadow Docket”, by providing administrative residency. Looking at the court’s procedure on NLRB and MSPB members, some say it is unlikely that they are tilted alongside Trump and allowed the removal of Cook, at least at the present time.

What did Cook say?

The next day of Trump’s message, which saw the US dollar dance in all fields, Cook repeated her position and said she would not resign from his position in Federal ReserveThe most powerful central bank in the world.

“I will continue to implement my duties to help the American economy as I have been doing since 2022,” Cook wrote in a statement.

Cook’s ascension was historically first, as she became the first black woman to work on the Federal Reserve. Now, it can put its potential removal, interlocking in the legal procedure, another historical precedent.

Its mandate continues the Federal Reserve until January 2038.

What did Trump said?

A day after the shooting of cooking via a message, Trump said during the three -hour marathon meeting on August 26 that he was “always” ready to fight legal, indicating Cook’s potential suit.

Trump told reporters at the White House at the White House:

Trump says he is “always” ready for legal fighting as the Federal Reserve Governor’s lawsuit was overthrown

When asked about the replacement of Cook on the federal reserve board, Trump told the reporters that he had some “very good people for this position.”

“We will have a majority very soon,” Trump said of the number of conservatives he appointed to the Federal Reserve. “So it will be great.” Trump has repeatedly called to the federal reserve to reduce the rate of target federal funds, which he says can save the nation “hundreds of billions of dollars.”

Did the Federal Reserve Chairman Jerome Powell say anything?

The Federal Reserve Chairman Powell did not publicly comment on this, and it is not expected that he, given his status as a defendant in the case. Meanwhile, the Federal Reserve has said little publicly, and he refused to comment on the new legal deposit of Cook.

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A spokesman for the Federal Reserve formerly admitted the legal procedure against Trump in a statement on August 26, saying that he would “will” commit to any decision of the court.

The spokesperson repeated that the president may only remove the ruler “for the reason”, adding that long mutilation and removal protection protect monetary policy from politics. A long time ago, the “for the reason” was taken into account in FRA to mean inefficiency, neglect, or bad violations while he was in office.

Is Cook still working at the Federal Reserve?

It is not immediately clear whether Cook has tried to enter the headquarters of the Federal Reserve in the Foggy Bottom neighborhood in the capital since Trump’s speech was completed. the Federal Reserve She refused to say if Cook had tried to work from her office, work remotely, or keep the email and other resources you need for her job.