Investigative Journalism

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A place to post long form investigative journalism.

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Rule 2: Can be podcasts, videos or articles. Post what it is in the tile as first thing.

Rule 3: Must be a good source. No far right or Russian tied outlets.

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Trump v. Cook: an explainer-SCOTUS will hear oral argument on Wednesday over the president’s power to remove the heads of independent agencies created by Congress. (www.scotusblog.com)

submitted 2 days ago by pelespirit@sh.itjust.works to c/investigativejournalism@sh.itjust.works

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Wednesday’s arguments center on President Donald Trump’s attempt to fire Lisa Cook, a member of the Federal Reserve’s Board of Governors, in August 2025. The lower courts have thwarted his efforts to do so thus far, but the Trump administration has asked the Supreme Court to put those rulings on hold while Cook’s challenge to her firing continues. Here’s a brief explainer on the case, Trump v. Cook, and its background.

What is the Federal Reserve?

The Federal Reserve is the central bank of the United States. Its responsibilities include conducting U.S. monetary policy – that is, taking steps to achieve big-picture economic objectives, such as “price stability, full employment, and stable economic growth.”

The Fed is also an independent government agency. Unlike most agencies, it is funded primarily through interest earned on securities that it owns, rather than through the normal congressional appropriations process.

The Fed’s main governing body is its seven-member board of governors.

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