- Trump can potentially pursue removal of three Fed Board of Governors members: Jerome Powell, Lisa Cook and Michael Barr.
- The inspector general report blamed project management, contracting and board oversight failures for roughly $1 billion in renovation cost overruns, and found no administrative misconduct or basis for criminal referral.
- The Supreme Court's June ruling in the Lisa Cook case required notice and an opportunity to respond before removal, and allowed Cook to remain on the board during litigation.
- Any legal fight runs months, and former Fed general counsel Scott Alvarez said the targeted governors have an incentive to litigate and stay, which would stall Trump's effort to reshape the board.
- The Fed's next rate decision is scheduled for Oct. 28, days before the Nov. 3 midterm election, with an administration deadline in the Cook case shortly after the vote.
引述
“Powell is a disaster”
“All have an incentive to litigate and stay”
“The Supreme Court said that Lisa Cook can stay while the litigation goes on. If they all stay while he goes on, then all he's done is hurt his own agenda”
“I personally don't think the renovation report would be enough for a court to remove Jay for cause”