◾The Supreme Court is hearing this week an unprecedented case related to Trump's attempt to remove Federal Reserve Governor Lisa Cook
◾The session comes concurrently with the Department of Justice's investigation into Federal Reserve Chair Jerome Powell, increasing the sensitivity of the case
◾The judges will decide whether the president has the right to dismiss central bank officials for political reasons
◾The case is considered a test of the independence of monetary policy from the White House
◾The majority of the court is conservative, but has previously expressed reservations about expanding Trump's economic influence
◾Experts warn that politicizing interest rates and the money supply leads to inflation, according to Reuters
◾Lisa Cook denied allegations of real estate fraud and considered them a pretext to remove her
◾Powell described the investigation against him as an attempt to pressure Federal Reserve decisions
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
◾The Supreme Court is hearing this week an unprecedented case related to Trump's attempt to remove Federal Reserve Governor Lisa Cook
◾The session comes concurrently with the Department of Justice's investigation into Federal Reserve Chair Jerome Powell, increasing the sensitivity of the case
◾The judges will decide whether the president has the right to dismiss central bank officials for political reasons
◾The case is considered a test of the independence of monetary policy from the White House
◾The majority of the court is conservative, but has previously expressed reservations about expanding Trump's economic influence
◾Experts warn that politicizing interest rates and the money supply leads to inflation, according to Reuters
◾Lisa Cook denied allegations of real estate fraud and considered them a pretext to remove her
◾Powell described the investigation against him as an attempt to pressure Federal Reserve decisions
◾The upcoming decision could define the limits of the president's authority in managing the economy for years to come
#StrategyBTCPurchase #FOMCWatch
$BNB
$BTC
$ETH