Andrew Ackerman
@amacker
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Covering the Federal Reserve and #finreg for @washingtonpost. Formerly @wsj [email protected] Signal/WhatsApp: +1-202-590-6178. DC via ATL & MCO
Washington, DC
Joined October 2007
The decision throws the future of Trump’s foundational economic policy into uncertainty once more, just weeks after the president announced increased levies on more than 60 countries around the world.
washingtonpost.com
Trump’s cornerstone economic policy faced another challenge as a federal appeals court ruled he did not have the authority under an emergency powers act to impose them.
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RT @MaryDalyEcon: But as I said in a recent speech, I think tariff-related price increases will be a one-off. It will take time before we….
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RT @jawillick: I hate to say it but 7-4 loss in Federal Circuit on tariffs is quite good for Trump. He won 2/3 Republican appointees. Bodes….
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RT @felschwartz: In @politico today, my deep dive into Steve Witkoff's role in the Russia-Ukraine diplomacy, with exclusive reporting on wh….
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Piper Sandler economists: Trump believes he ought to control monetary policy, and he isn’t going through all this trouble for 50bps of rate cuts he was going to get anyway. He wants a lot more.
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Didn’t take long to go from “Trump has a free-speech right to weigh in” on monetary policy to “actually he knows more about monetary policy and it should be an executive function.”.
We tried a more politically-directed Federal Reserve in the 1970s. The result was the worst stagflation in US post-war history.
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Stephen Miran will get his hearing next week to join the Fed.
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A federal judge is scheduled to hold an initial hearing on Lisa Cook's request for temporary restraining order on Friday morning. Cook’s lawyers suggested in court papers that she may have “mislabeled” her homes in the mortgage applications. The administration alleges she.
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Hearing set for 10am tomorrow on Lisa Cook's request for a court order to temporarily block Trump's move to fire her. Case assigned to Biden appointee Jia Cobb.
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Yeah she's not litigating the substance yet. She's challenging the lack of due process. The other stuff might come later.
Lisa Cook's lawsuit doesn't appear to try to address the allegations made against her. The closest the suit comes is this line, "Governor Cook 'potentially' erred in filling out a mortgage form prior to her Senate confirmation—does not amount to 'cause' within the meaning of the.
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Yes. She is seeking an order that would bar any other entity, besides the White House, from preventing her from doing her job. So it's the normal convention for the agency to be sued, along with the agency head.
@amacker INTERESTING--Lisa Cook didn't just sue Trump. She also sued the Fed. How will the Fed respond???🤔🍿
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Fed governor Lisa Cook sues Trump to block effort to remove her from central bank, saying she is entitled to due process and the allegations of mortgage fraud cited by the White House fall short of the legal standard for her removal. The president's view: being credibly accused.
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this take underscores a view that diverges from much of the mainstream narrative and warrants considering.
President Trump is right about the threshold of “for cause” removal of Fed governors. Lisa Cook is going to lose this case—and it is not even close. The test is simple: the president must explain to the Senate why he is removing a Fed governor. That’s it.
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Pew Research just released their latest survey on how Americans view various parts of the government, including the Federal Reserve. Americans have a net-positive view of the Fed -- 49% favorable, 28% unfavorable, with 23% not sure. Those numbers put the Fed in about the middle.
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RT @stanveuger: The deputy Treasury secretary, the CDC director, and the DIA director all got fired suddenly this week and I think only the….
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From the noted leftists at the @wsj editorial board: “Ms. Cook deserves more due process than a presidential declaration of guilt on Truth Social.”.
"Mr. Trump. thinks he can run monetary policy. Has he considered what a politically malleable Fed might do when the progressive left takes charge under another President? Of course he hasn’t."
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“Just in the past week, Trump broke with Reagan three times as he wielded presidential power and sketched a vision of a far more extensive government role in the private sector than the U.S. has customarily tolerated.”.
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