Current priority
Even a Trump-appointed Supreme Court justice says this would 'shatter' the Fed's independence.
Trump pushed to fire Fed Governor Lisa Cook before her term ends -- a case the Supreme Court took up, where Trump-appointed Justice Kavanaugh said the administration's position 'would weaken, if not shatter, the independence of the Federal Reserve.' A DOJ investigation into the Fed's building renovation, which Chair Jerome Powell called a pretext to pressure rate decisions, was dropped in April. Republican Senator Thom Tillis said there's no remaining doubt that administration advisers are 'actively pushing to end the independence of the Federal Reserve.'
Read the complete PHIERS analysis
Why it matters
When a Republican senator and a Republican-appointed Supreme Court justice both say the same pressure campaign threatens an independent institution, that's not partisan noise.
How PHIERS creates leverage
PHIERS's district-by-district organizing model exists to give institutions like the Fed real legislative backup -- codifying independence into law that survives any administration, instead of relying on individual officials' willingness to take the political heat alone.
