US Supreme Court lets Cook remain on Fed for now
The US Supreme Court said that in January, US President Donald Trump would have discussed against the attempt to remove Federal Reserve Governor Lisa Cook and leave him in office for now.
Justice refused to decide the request of a judge that temporarily prevented Cook, the appointment of the former democratic President Joe Biden, to decide the decision of a judge.
Justice postponed a decision on this request until he heard the arguments.
In the formation of the US Federal Bank in 1913, the Congress adopted a law called Federal Reserve Law, which contains provisions to protect the FED from political intervention, and required only the governors to be enacted by a chairman in terms of the case, but should not form or abolish procedures.
The law has never been tested in court.
Washington DC -based US regional judge Jia Cobb said that Trump’s allegations of Mortgage fraud before Cook on September 9th on September 9th have not been enough for the rejection of the Federal Reserve Law.
Cook filed a lawsuit against Trump in August after the President announced that he would remove him.
Cook said Trump’s allegations against him did not give the president the authority to remove him and that he had an excuse for expelling him for a monetary policy stance.
White House spokesman Kush Desai, “President Trump, Lisa Cook Federal Reserve Board of Directors legally removed. In January in front of the Supreme Court in front of our oral arguments after presenting the final victory.” He said.
Cook representatives did not respond immediately to the request for comments.
The US Court of Appeal for Circuit, the United States, rejected the administration’s request to wait for COBB’s order in a 2-1 decision on September 15th.
In a series of decisions in recent months, the Supreme Court allowed Trump to abolish members of various federal institutions that the Congress established independently of the Presidential control, despite similar job protections for these tasks.
These decisions argue that the court, which has a 6-3 conservative majority, may be ready to open a 1935 precedent in a lawsuit containing the US Federal Trade Commission.
In Cook’s case, however, the court chose to hear the arguments before deciding the Ministry of Justice’s request to remove Cook similarly.
Based on arguments in January, the court will decide whether Cook will stay in his duty, or the legal difficulty in the low courts.
Since it is in this early stage of the case, justice does not decide the basis of difficulty.
The court did not set a certain date for the case, but in mid -January, there were arguments in books for two weeks.
The court said in a case that includes the dismissal of Trump’s two democratic members of the Federal Working Boards in May as a “uniquely structured, semi -private entity” in May.
