CoinWorld reports that during today’s Supreme Court hearing of the case “Trump v. Federal Reserve’s Powell,” U.S. Chief Justice Roberts asked: If Powell made an “inadvertent mistake” in mortgage documentation, where is the line for the White House’s stance? Whether it was an inadvertent mistake or a fraudulent act to obtain a more favorable interest rate, does it make any difference to the White House? On what grounds can it be concluded that the Federal Reserve is an administrative agency, and thereby determine that the President indeed has the power to remove it?
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CoinWorld reports that during today’s Supreme Court hearing of the case “Trump v. Federal Reserve’s Powell,” U.S. Chief Justice Roberts asked: If Powell made an “inadvertent mistake” in mortgage documentation, where is the line for the White House’s stance? Whether it was an inadvertent mistake or a fraudulent act to obtain a more favorable interest rate, does it make any difference to the White House? On what grounds can it be concluded that the Federal Reserve is an administrative agency, and thereby determine that the President indeed has the power to remove it?