The U.S. Supreme Court is currently deliberating a challenge to Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook, who continues to serve on the board while the case remains pending.
On Planet Money, the discourse surrounding the termination attempt has focused on the pretext provided by the former president. As one host noted, "Trump attempted to fire the Biden-nominated Fed board member Lisa Cook for alleged mortgage fraud, which to many people seemed like an obviously spun-up excuse for a political attack on Cook."
While Lisa Cook maintains her duties—including an appearance this week at the Economic Club of Miami—the podcasting world is waiting for the high court to define the limits of executive power over independent agencies. A ruling is expected by the end of June, which will finally settle whether this political maneuvering holds any legal weight.
