The Federal Reserve in Washington in Washington on July 21, 2025. Madalina Kilroy/The Epoch Times
Federal Reserve Governor Lisa Cook is expected to sue President Donald Trump over her recent firing, refocusing attention on questions about the extent of presidential power and the protections Congress has instituted for particular federal entities.
As with other agencies, Congress passed a law limiting the reasons for which presidents could remove members of the Federal Reserve. In Cook’s case, the Federal Reserve Act allows presidents to remove governors “for cause.”
Original News Source Link – Epoch Times
Running For Office? Conservative Campaign Consulting – Election Day Strategies!