Dossier
Scott Alvarez
Coverage of Scott Alvarez in the Nexus archive.
- What the Supreme Court’s ruling in the Cook case means for Federal Reserve independence
The Supreme Court ruled 5-4 that the president cannot fire Federal Reserve governors without clear cause, affirming the Fed's independence from political interference. The decision protects the Fed's structure but leaves Lisa Cook, a Fed governor targeted by President Trump for removal, vulnerable to further attempts. The ruling contrasts with the court's elimination of similar protections for other agencies.