WS #10998
Supreme Court overrules Humphrey's Executor (6-3), expanding presidential firing power over independent agencies, but rejects Trump's bid to fire Fed Governor Lisa Cook (5-4), preserving Fed independence. Japanese yen hits four-decade low of 161.97 against the dollar, pressuring Japanese equities and boosting U.S. exporters.
SCOTUS Executive Power Rulings
Supreme Court overrules Humphrey's Executor (6-3), expanding presidential firing power over independent agencies, but rejects Trump's bid to fire Fed Governor Lisa Cook (5-4), preserving Fed independence.
Japanese yen hits four-decade low of 161.97 against the dollar, pressuring Japanese equities and boosting U.S. exporters.