Overhauling the central bank’s Board of Governors would grant the president greater sway over the Federal Reserve, an institution that is supposed to be independent from the White House.
President Trump has spent months demanding that Jerome H. Powell, the Federal Reserve chair, lower interest rates. The two toured the Fed’s renovation site in July after the president accused Mr. Powell of mismanaging the project.
The decision is a big blow to President Trump’s trade policies, but the judges left the duties in place for now to allow time for a likely appeal to the Supreme Court.
The proposal would send military lawyers to work at the Justice Department in an effort to reduce the capacity of the immigration system to process a backlog.
The decision is a big blow to President Trump’s trade policies, but the judges left the duties in place for now to allow time for a likely appeal to the Supreme Court.
Lawyers for the administration told a court it should be “highly deferential” to the president when it comes to firing a Federal Reserve governor “for cause.”
The Justice Department said President Trump had sufficient cause to dismiss Lisa Cook, a Federal Reserve governor, over allegations that she had engaged in mortgage fraud, even though she has not been charged with any wrongdoing.
The code of conduct for federal judges does not appear to apply to Mr. Bove, who has yet to be sworn in. But his continued presence at the department has raised eyebrows.
As the outspoken Hong Kong publisher awaits a verdict, his trial has become a test of China’s resolve to crush dissent, and of whether President Trump can free him.
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