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FOX Business host Larry Kudlow discusses the Supreme Court backing President Donald Trump’s firing of an FTC member while blocking the firing of Fed governor Lisa Cook on ‘Kudlow.’<\/p>\n
There are always things in life that I don\u2019t understand. I bet you a lot of people feel that way. How did that happen? Why did that happen? Or it makes no sense. Somehow we have to accept these decisions, even if we don\u2019t like them or understand them. So here\u2019s a couple.<\/p>\n
The Supreme Court ruled that President Biden\u2019s appointee to the Federal Trade Commission could be fired by President Trump. Justice Neil Gorsuch, concurring in the court\u2019s decision, said “independent agencies are not so independent after all.”<\/p>\n
Well that I like. Makes perfect sense. As Mr. Trump put it, it reverses a bad decision made by the Supremes 91 years ago back in 1935. It gives the chief executive true executive authority. He defines quote “cause.” Yet what I don\u2019t understand is how the Supremes let Governor Lisa Cook off the hook regarding the Federal Reserve. They decided that at least one so-called independent agency was truly independent and cited a way-long-ago, more or less 200 years ago precedent for the First and Second Bank of the United States. A long time ago.<\/p>\n
By the way President Jackson didn\u2019t think the Second Bank of the United States was so independent because he stopped their charter from being extended. Anyway, today\u2019s court also cited the Federal Reserve Act of 1913. That\u2019s a long time ago. Yet many people believe that central bank charter was highly ambiguous. And if presidents have the authority to appoint chairs and governors, they should have the same authority to fire them.<\/p>\n
And then Justice Brett Kavanaugh, in a concurring opinion, writes quote “today\u2019s interim ruling does not decide whether the President may lawfully remove Governor Cook for cause.” And he goes on to say “the ultimate decision about why the President may remove Governor Cook for cause will largely depend on the facts regarding the governor\u2019s actions. And those facts have yet to be determined.”<\/p>\n
Fox News legal analyst Gregg Jarrett and FOX Business correspondent Lydia Hu discuss the Supreme Court’s decision rejecting President Donald Trump’s bid to remove Federal Reserve Gov. Lisa Cook on \u2018Kudlow.\u2019<\/p>\n
Justice Clarence Thomas called the ruling “incorrect” in his dissenting opinion. “Although the Court expresses concern that the President removed a Board member for \u2018the first time in the Federal Reserve\u2019s 111-year history,\u2019” he wrote, “it expresses no such concern that it today upholds an injunction against the President\u2019s removal of an executive officer for the first time in the Constitution\u2019s 237-year history.”<\/p>\n
Well Ms. Cook has been accused of mortgage fraud because she apparently or allegedly took out mortgages in three different states, Michigan, Georgia, and Massachusetts. And then she labeled each one her primary residence.<\/p>\n
So if she can\u2019t count or if she can\u2019t read, why are we entrusting her with the monetary power of our currency? Her case was referred to the Justice Department, which I guess opened a criminal investigation into mortgage fraud back in August 2025. Almost a year ago.<\/p>\n
Yet nothing\u2019s happened since then. So far as we know, no charges have been brought, no grand jury has been convened, or maybe stuff is going on that we don\u2019t know about. Justice Kavanaugh\u2019s comment suggests Ms. Cook may yet get busted, tossed off the court.<\/p>\n
The president wrote on Truth Social that the Supremes just sent it back on a strictly procedural basis, but the issue of firing her for cause was not settled. Sounds like he\u2019s right. Yet here you have an independent agency that\u2019s not so independent, and then you have an independent agency that may be independent, but we don\u2019t actually know. So for now, acceptance is the answer to all my prayers, but I don\u2019t really understand any of it.<\/p>\n
#LARRY #KUDLOW #Acceptance #answer #prayers<\/p>\n","protected":false},"excerpt":{"rendered":"
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