Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reason
Reason
Politics
Josh Blackman

Did Collins v. Yellen Lead Trump To Fire Lisa Cook?

President Trump purported to fire Lisa Cook, a member of the Federal Reserve Board, for cause. Here, at least, Trump is not asserting an absolute removal power over the Fed. Wilcox said in dicta the Fed was different than the FTC. And I think under the Solicitor General's position in CASA, the federal government would bind itself to the Supreme Court's holdings, as well as reasoning. I'm not sure how that analysis maps on the flag-burning executive order, but that is a topic for another time.

There is an angle of Cook's firing that has not gotten much attention. The alleged cause to remove Cook is that she falsified terms on a mortgage. And who made that allegation? Bill Pulte. Who is Bill Pulte you might ask? The Director of the Federal Housing Finance Agency (FHFA).

That agency should sound familiar. The FHFA was headed by a single director who served a five year term, and could only be removed for cause. Collins v. Yellen (2021) held that the structure of the FHFA was unconstitutional.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.