"U.S. Rep. Ritchie Torres came to Wednesday's House Financial Services Committee hearing not to trade pleasantries with Treasury Secretary Scott Bessent. He came with a ledger, receipts, and a constitutional question the Trump administration has tried to keep safely abstract. What followed was the kind of cross-examination that has become Torres's signature: data-forward, tightly paced, and indifferent to evasions. Both Torres and Bessent are out gay men who have, in different ways, been treated as symbols of LGBTQ+ representation in federal power."
"Torres, a New York Democrat, asked whether a president can remove Federal Reserve officials over policy disagreements, a question now before the U.S. Supreme Court in a case stemming from President Donald Trump's attempt to remove Federal Reserve Governor Lisa Cook. The case has forced the justices to weigh how far presidential removal power extends into independent agencies traditionally shielded from at-will firing."
Representative Ritchie Torres arrived at the House Financial Services Committee hearing armed with documentation and a constitutional question about presidential removal power. He asked whether a president can remove Federal Reserve officials over policy disagreements, a question now before the U.S. Supreme Court after President Donald Trump's attempt to remove Fed Governor Lisa Cook. The case requires justices to decide how far presidential removal power reaches into independent agencies traditionally shielded from at-will firing, implicating the Fed's independence and the administration's broader executive-authority claims. Treasury Secretary Scott Bessent repeatedly declined a legal position, saying he was not a lawyer, noting varying views in the administration, and alternately calling the Fed independent while deferring to the Supreme Court.
Read at Advocate.com
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