Greetings and welcome to the latest edition of the Injustice System newsletter. The U.S. Supreme Court heard oral arguments yesterday in Trump v. Cook, the closely watched case arising from President Donald Trump's efforts to fire Lisa Cook from her position as a member of the Federal Reserve's Board of Governors. Judging by the sharp objections to the president's position that were voiced by one of Trump's own SCOTUS appointees, Trump's chances of winning the case do not seem so good.
According to the terms of the Federal Reserve Act, the president may only remove a member of the Fed's Board of Governors "for cause." In this case, Trump claims that he has sufficient cause to fire Cook because of the mortgage fraud allegations that Trump leveled against her in a Truth Social post and in a letter purporting to fire her (no formal charges have been filed). Cook, however, disputes those allegations and says that she possesses evidence in her favor that the president never considered.
