Supreme Court Set to Deliver Landmark Ruling on Trump-Era Economic Policy Case

Supreme Court to Decide High-Stakes Economic Policy Case The Supreme Court is poised to make a landmark decision on one of the most significant economic policy cases of President Donald Trump's presidency, with far-reaching implications for investors and the US economy. At issue in Cook v. Trump is whether the president has the authority to seize control over the Federal Reserve, the nation's central bank. The case has been simmering since 2025, with the Supreme Court expected to weigh in either Monday evening or Tuesday. If the court sides with Trump, it would be one of the most consequential economic policy decisions in the federal judiciary's history, potentially having disastrous consequences for investors and the economy broadly. "This is a case that could fundamentally alter the relationship between the president and the Federal Reserve," said Ian Millhiser, senior correspondent at Vox. The dispute centers on the president's power to appoint members to the Federal Reserve Board of Governors, including Lisa Cook, who was nominated by Trump in 2025. The case has been brought by a group of lawmakers and economists who argue that the president's actions would undermine the independence of the Fed and lead to economic instability. Supporters of the president's position argue that he has the authority to appoint members to the Federal Reserve Board as part of his constitutional duty to execute the laws. "The president has the power to make appointments, and this is no different," said a White House spokesperson. However, critics counter that such an action would be a gross overreach of executive power and undermine the Fed's independence, which is essential for maintaining economic stability. "This is not just about the Federal Reserve; it's about the rule of law and the separation of powers," said Senator Elizabeth Warren (D-MA). The Supreme Court has been deliberating on the case since 2025, with a decision expected soon. The outcome will have significant implications for investors, businesses, and policymakers, who are closely watching the developments. As the nation waits for the court's decision, economists and lawmakers continue to weigh in on the potential consequences of such a ruling. "A decision that undermines the independence of the Federal Reserve would be catastrophic for the economy," said economist Joseph Stiglitz. The Supreme Court is expected to issue its decision either Monday evening or Tuesday, with far-reaching implications for investors and the US economy. *Reporting by Vox.*