Justices Seem to Agree on Fed Independence; Signal Support for Keeping Cook in Her Seat

Also, Trump talks housing, credit cards, crypto in Davos speech

There was a surprising consensus as the Supreme Court heard arguments about the president’s attempted firing of Fed Governor Lisa Cook. No one – not the lawyers arguing the case or any of the justices on the bench – questioned the premise that the central bank should be afforded protection from short-term political influence.

“There’s a reason that the m…