Supreme Court Skeptical of Trump's Bid to Fire Lisa Cook

“Thinking big picture, what goes around comes around. History is a pretty good guide. Once these tools are unleashed, they are used by both sides.”

“All of the current president’s appointees would likely be removed for cause on January 20, 2029 if there’s a Democratic president”

“Deceit or gross negligence by a financial regulator in financial transactions is cause for removal”

“The American people should not have their interest rates determined by someone who was, at best, grossly negligent in obtaining favorable interest rates for herself”

“It’s less important that the president have full faith in every single governor, and it’s more important that the markets and the public have faith in the independence of the Fed from the president and from Congress”

“If the court decided to go a little further and say something substantive, it might bring all of this to an end. And there’s probably some virtue to that.”

“The case is about whether the Federal Reserve will set key interest rates guided by evidence and independent judgment or will succumb to political pressure”

“For as long as I serve at the Federal Reserve, I will uphold the principle of political independence in service to the American people”

“It could trigger a recession. How should we think about the public interest in a case like this?”

“Why are you afraid of a hearing?”

“Congress had decided that this particular agency, because of the sensitive information and policy determinations that it has to make, needs to not have the pressure of having all of its governors be fireable at the whim of the president.”

“It sure seems like there are nine justices who did not think the Trump administration had crossed their t’s and dotted their i’s.”

“No court has ever explored those facts. Are the mortgage applications even in the record in this case?”