The fate of the Fed may turn on two words: ‘for cause.’
The Supreme Court has said the Federal Reserve Board’s independence warrants protection. President Trump’s effort to fire a member will test that commitment. Source: Original News
Fed’s Independence in Flux as Supreme Court Weighs Lisa Cook’s Ouster
How the justices rule in the case between President Trump and the Federal Reserve governor will affect the central bank’s ability to set policy without political interference. Source: Original News
Trump Demands Control of Greenland but Rules Out Military Force in Davos Speech
Mr. Trump’s address to European leaders encapsulated his approach to global power and policymaking in his second term, alternating between coercion and humiliation. Source: Original News
Trump Tried to Fire Lisa Cook on Social Media. Is That Due Process?
In addition to disputing whether the president had sufficient cause to remove her, the Fed governor said the way he went about it was a separate problem. Source: Original News
Greenland Shouldn’t Overshadow Ukraine, NATO Chief Says
Helping Ukraine defend against Russian aggression should be Europe’s “No. 1 priority,” Mark Rutte, the secretary general of NATO, said in Davos. Source: Original News
Michele Tafoya Announces Senate Run in Minnesota
Ms. Tafoya, once a sideline reporter for N.F.L. games, has more recently turned her focus to Republican politics. She is seeking an open seat now held by a Democrat. Source: Original News
A Brief From Every Living Former Fed Chair Could Sway the Justices
The filing, also signed by six former Treasury secretaries, said that letting President Trump fire Lisa Cook would deal a blow to the credibility of the nation’s monetary policy. Source: Original News
Snap settles social media addiction lawsuit ahead of trial
TikTok, YouTube and Meta remain defendants in the case, which is due to kick off next week. Source: Original News
Driving test cheating soars as candidates turn to Bluetooth headsets and impersonators
Experts blamed persistently long waits for practical tests while the DVSA blamed better detection. Source: Original News