That’s exactly what he tried to do this past Monday. Trump announced on social media that Lisa Cook, appointed by Biden in 2022, is now fired. Things are about to get awkward.

First, Trump can’t simply fire Fed governors willy-nilly. Remember when DOGE was involved in all of those federal workforce lay-offs earlier in the year? I know, it seems like forever ago. The US Supreme Court ruled on the legality of those firings, including some at government corporations and ‘independent agencies’. The idea behind such entities is that they are supposed to be politically insulated and less bound by the typical red tape of the government. But Trump’s administration argued that the separation from the rest of the executive branch is a fiction and that there is no one else in charge of them if not the president. The Supreme Court agreed with the administration, with one exception.

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