What changed
THE FEDERAL RESERVE ACT SAYS THE PRESIDENT CAN FIRE A FED GOVERNOR "FOR CAUSE."
NO PRESIDENT HAS ATTEMPTED TO FIRE A FED GOVERNOR "FOR CAUSE," SO NO ONE KNOWS WHAT THIS MEANS.
TRUMP IS ATTEMPTING TO FIRE FED GOVERNOR LISA COOK FOR CAUSE, CLAIMING SHE COMMITTED FRAUD IN IMPROPERLY FILLING OUT A MORTGAGE APPLICATION.
COOK IS DEFENDING HERSELF, AND THE SUPREME COURT HEARD ORAL ARGUMENTS ABOUT THE CASE ON JANUARY 21.
A RULING IS EXPECTED IN THE NEXT FEW WEEKS (THE SUPREME COURT TERM ENDS AT THE