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In twin rulings, the Supreme Court affirmed the Fed's independence and said its leaders could not be fired at will, but said President Trump could fire other independent regulators for any reason.
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The decision is a setback for Trump, who alleged that Lisa Cook committed mortgage fraud and has complained that the Fed is not dropping interest rates quickly enough.
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(First column, 1st story, link)
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In a rare dissent from the bench, Justice Sonia Sotomayor said that the Supreme Court undid "centuries of political practice," and that the court concluded that the federal government had been acting in "open defiance of the Constitution."
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(Second column, 1st story, link)
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Time and again, President Trump has brushed off Americans' concerns about the economy and their financial situations.
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The Supreme Court ruled on Monday that state laws allowing ballots to arrive after Election Day are legal. The decision is the latest in a series of setbacks for President Trump's efforts to regulate elections.
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