U.S. Supreme Court Questions Presidential Authority in Federal Reserve Case

The U.S. Supreme Court today heard the case of 'Trump v. Federal Reserve Cook,' where Chief Justice Roberts raised questions about the boundaries of the White House's stance if Cook made an 'innocent mistake' in mortgage documents. According to Odaily, the inquiry focused on whether it matters to the White House if the mistake was innocent or a fraudulent attempt to secure better rates. The court also questioned the basis for determining whether the Federal Reserve is an executive branch agency, which would imply that the President indeed has the authority to dismiss its officials.