Economy
Supreme Court Blocks Trump from Removing Fed Governor, Preserving Central Bank Independence
via NPR
A 5-4 Supreme Court ruling issued June 29 prevented President Trump from firing Federal Reserve Governor Lisa Cook. Chief Justice Roberts wrote that the Fed holds a unique constitutional standing rooted in U.S. banking history, and that only Congress—not the executive branch—can alter its structure.
Why it matters
A Fed free from political pressure is better able to make the interest-rate decisions that control inflation, which directly affects what households pay on mortgages, credit cards, and everyday purchases.


