How fear of a market meltdown may have quietly shaped the Supreme Court’s ruling to protect Fed independence
Manu Raju and the “Inside Politics” panel explain two Supreme Court decisions that prevented President Trump from immediately firing Federal Reserve Gov. Lisa Cook, but expanded his power to fire other independent agency officials. “The idea that the Fed is an arm of the president has the power to upend global markets… I think that’s what’s lurking in the back of their heads,” CNN Legal Analyst Elliot Williams says.
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