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Latest Posts by sunset:

A 90-year-old Supreme Court precedent
protecting Fed independence is on its deathbed
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Posted by sunset 9/17/2025 1:15:52 AM Post Reply
As President Donald Trump tries to force Lisa Cook out of her job at the Federal Reserve, her lawyers have pointed to a similar event in history — one where the president lost at the Supreme Court. On October 7, 1933, President Franklin D. Roosevelt fired William E. Humphrey from his post at the Federal Trade Commission. The reason was purely political: The president wanted someone who could advance his priorities.. "I do not feel that your mind and my mind go along together," Roosevelt told Humphrey in a letter. His term at the FTC was supposed to last until 1938. When Humphrey refused to resign, Roosevelt fired him.