The Fort Worth Press - Supreme Court boosts Trump's power to fire officials, but protects Fed

USD -
AED 3.672499
AFN 64.490431
ALL 80.969857
AMD 361.359837
ANG 1.789785
AOA 917.000467
ARS 1524.267701
AUD 1.431578
AWG 1.8
AZN 1.710656
BAM 1.74212
BBD 2.012426
BDT 123.598208
BGN 1.747831
BHD 0.37765
BIF 2995
BMD 1
BND 1.278237
BOB 11.675159
BRL 5.039098
BSD 0.999132
BTN 94.798398
BWP 13.69985
BYN 2.981094
BYR 19600
BZD 2.009486
CAD 1.40998
CDF 2313.499195
CHF 0.826325
CLF 0.024929
CLP 981.120256
CNY 6.691203
CNH 6.68102
COP 3160.57
CRC 453.826798
CUC 1
CUP 23.980333
CVE 98.217189
CZK 21.687099
DJF 177.719776
DKK 6.663795
DOP 61.451444
DZD 134.428159
EGP 53.911702
ERN 15
ETB 163.206182
EUR 0.89152
FJD 2.257951
FKP 0.750648
GBP 0.751025
GEL 2.590224
GGP 0.750648
GHS 11.685029
GIP 0.750648
GMD 73.502765
GNF 8844.094881
GTQ 7.639034
GYD 209.00734
HKD 7.84795
HNL 26.820882
HRK 6.718303
HTG 130.705681
HUF 323.309783
IDR 18050
ILS 3.103497
IMP 0.750648
INR 94.99475
IQD 1514.774979
IRR 1795877.498534
ISK 121.439497
JEP 0.750648
JMD 158.78431
JOD 0.708985
JPY 158.547496
KES 129.797444
KGS 87.449911
KHR 4068.089503
KMF 440.000129
KPW 899.999961
KRW 1327.530065
KWD 0.31094
KYD 0.83268
KZT 451.722955
LAK 22482.018394
LBP 89478.016105
LKR 331.122819
LRD 170.366279
LSL 16.42449
LTL 2.95274
LVL 0.60489
LYD 6.412478
MAD 9.77184
MDL 17.816041
MGA 4529.360679
MKD 54.971219
MMK 2099.513869
MNT 3596.411813
MOP 8.077478
MRU 40.003029
MUR 47.249762
MVR 15.460029
MWK 1732.62013
MXN 18.419778
MYR 4.082503
MZN 63.895983
NAD 16.424417
NGN 1333.609697
NIO 36.770142
NOK 9.417601
NPR 151.676406
NZD 1.763935
OMR 0.384497
PAB 0.999132
PEN 3.447023
PGK 4.544503
PHP 63.006035
PKR 276.59385
PLN 3.895235
PYG 5763.047022
QAR 3.642032
RON 4.7482
RSD 104.665832
RUB 82.7504
RWF 1476.78686
SAR 3.763551
SBD 8.064647
SCR 13.911989
SDG 601.499581
SEK 9.91363
SGD 1.27953
SHP 0.754745
SLE 24.680273
SLL 20969.504398
SOS 571.064633
SRD 37.703778
STD 20697.981008
STN 21.822878
SVC 8.742551
SYP 13001.999685
SZL 16.419114
THB 33.579877
TJS 9.202594
TMT 3.51
TND 2.982711
TOP 2.40776
TRY 49.574502
TTD 6.778453
TWD 32.493904
TZS 2649.968014
UAH 45.052265
UGX 4156.255985
UYU 40.119539
UZS 12034.649387
VES 878.910602
VND 25894.5
VUV 118.97233
WST 2.787823
XAF 584.798714
XAG 0.017553
XAU 0.000241717256
XCD 2.70255
XCG 1.80082
XDR 0.707052
XOF 584.798714
XPF 106.228901
YER 236.150154
ZAR 16.419795
ZMK 9001.190257
ZMW 19.959203
ZWL 321.999592
SSP 5750.775019
MXV 2.07943
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Supreme Court boosts Trump's power to fire officials, but protects Fed
Supreme Court boosts Trump's power to fire officials, but protects Fed / Photo: © AFP

Supreme Court boosts Trump's power to fire officials, but protects Fed

The US Supreme Court on Monday fortified President Donald Trump's powers to fire members of independent government agencies, but carved out protections for the Federal Reserve by blocking the firing of Governor Lisa Cook.

Text size:

In a 6-3 ruling, the court's conservative majority rejected a challenge by Democratic Federal Trade Commissioner Rebecca Slaughter, ruling that Trump had the power to fire "subordinates who exercise the President's power."

The decision is expected to have wide-ranging implications, with Trump having aggressively sought to expand executive powers as he works to transform the US government and put political allies in key positions.

Trump hailed the verdict.

"This Decision was long sought by United States Presidents, dating all the way back to the 1930s," he posted on social media.

"It is such an Honor to be the sitting President who won this Historic and Unprecedented Ruling, one of the most important ever given with respect to Presidential Powers."

In a separate case involving Cook, however, the Supreme Court ruled that while Trump had the power to fire Federal Reserve governors for cause, he could not do so "for any reason or no reason."

The US central bank is a non-partisan institution that makes monetary policy for the world's largest economy, with governors appointed by the president after a Senate confirmation process.

The court made special mention of the importance of the Fed's independence.

"Not only the fact of independence but also the appearance of independence is key to the Federal Reserve's design," its split 5-4 verdict read.

The court decided the case "on the narrow ground that the President failed to afford Cook the procedural protections to which she was entitled by statute," the verdict said.

It dismissed the "halfhearted contention" that the Fed governor had received due process.

Cook welcomed the decision, saying it "affirms" the central bank's independence.

"Today's ruling affirms a principle that has underpinned sound economic stewardship for generations: that the Federal Reserve must make all its policy decisions guided by evidence and independent judgment, free from political interference," she said in a statement.

Trump has exerted unprecedented pressure on the Fed to lower interest rates to boost economic activity, and his attempt to fire Cook was the first time a president had tried such a move in the bank's 111-year history.

Cook denies the allegations, and the Supreme Court said that a decision on her future at the Fed could only be made once she has had an opportunity to respond to the charges.

S.Jones--TFWP