The USA Constitution does not mention the Federal Reserve. It does provide Congress with the responsibility for the coinage of the country. It implicates the Federal Reserve created in 1913 is outside the reach of the Executive Branch.
The Congress shall (click here) have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;...
By Lawrence Hurley
The Supreme Court (click here) on Monday delivered a setback to President Donald Trump, rejecting his attempt to fire Federal Reserve board member Lisa Cook, while in a separate case giving him a freer hand to exert control over other hitherto independent federal agencies....
It really makes no sense now to have independent federal agencies if they are not part of the checks and balances of the government. I think it relates to the ravages of DOGE. Just get rid of federal authority that inhibits greed and unethical conduct.
There is a "thing" about the federal agencies the Republicans do not like. The federal agencies within and without the government has power to levy fines and collect them. Where that power falls apart is the fines are often a result of regulation without a court proceedings. There is the argument any and all fines should be granted or not of the federal government through the courts. I think that is the ideology the conservative judges are acting on outside the case of Lisa Cook. I also believe it is a very weak ideology as it is highly unethical when the USA Congress gave the agencies the power to levy fines on their behalf. When fines and judgements have to go through the courts to be enforced it takes time away from the protections of the public. It creates uncertainty in the federal authority. The agencies can act to apply federal regulations without the ability to enforce the penalties that enforce the law.
Here again stare decisis is sacrificed by the Robert's Court. It is a very bad habit of this court to disregard the importance of the authorities legislated to protect the public and ensure rights are upheld.
