Lev Menand and Nathan Tankus on Why Fed Independence Is Now Hanging by a Thread

2026-07-17 · 66 min · 13 entities

episode page audio

Asserted relationships

→ appeared on Odd Lots podcast

0.63

evidence rules-v4
Lev Menand and Nathan Tankus on Why Fed Independence Is Now Hanging by a Thread
→ discusses Business concept

0.40

evidence rules-v4
Feed category: Business
→ discusses News concept

0.40

evidence rules-v4
Feed category: News
→ discusses Investing concept

0.40

evidence rules-v4
Feed category: Investing
→ discusses News Commentary concept

0.40

evidence rules-v4
Feed category: News Commentary
→ hosted by Bloomberg company

0.40

evidence rules-v4
Feed author/publisher: Bloomberg
→ discusses Business News concept

0.40

evidence rules-v4
Feed category: Business News

Entities found in this episode

concepts 9

mentioned Business concept

0.50

evidence rules-v4
Feed category: Business
mentioned Investing concept

0.50

evidence rules-v4
Feed category: Investing
mentioned News Commentary concept

0.50

evidence rules-v4
Feed category: News Commentary
mentioned Business News concept

0.50

evidence rules-v4
Feed category: Business News
discusses Business concept

0.40

evidence rules-v4
Feed category: Business
discusses News concept

0.40

evidence rules-v4
Feed category: News
discusses Investing concept

0.40

evidence rules-v4
Feed category: Investing
discusses News Commentary concept

0.40

evidence rules-v4
Feed category: News Commentary
discusses Business News concept

0.40

evidence rules-v4
Feed category: Business News

companys 2

mentioned Bloomberg company

0.70

evidence rules-v4
Feed author/publisher: Bloomberg
hosted by Bloomberg company

0.40

evidence rules-v4
Feed author/publisher: Bloomberg

persons 1

mentioned Lev Menand and Nathan Tankus person

0.66

evidence rules-v4
Lev Menand and Nathan Tankus on Why Fed Independence Is Now Hanging by a Thread

podcasts 1

appeared on Odd Lots podcast

0.63

evidence rules-v4
Lev Menand and Nathan Tankus on Why Fed Independence Is Now Hanging by a Thread

Episode description as stored

Last August, President Trump made the unprecedented choice of moving to fire Fed governor Lisa Cook. The administration claimed she was being terminated with cause, citing an ongoing investigation in alleged mortgage fraud committed by Cook. The legal battle between Cook and the administration has been tangled in the courts for the last year, eventually reaching the Supreme Court. This June, in a 5-4 decision, the court ruled in favor of Cook. However at the same time, in a different case, the court allowed the President to fire individual members of the FTC, undermining its role as quasi-independent body not beholden to the executive branch. So what are the implications here? How can the court change the status of a body like the FTC while allowing the Fed to continue operating as is? And for how long will the Fed maintain some amount of operational autonomy? On this episode we speak with Columbia Law School's Lev Menand who just wrote a piece on these two cases for Just Security called The Federal Reserve Exception to the Slaughter Rule as well as Nathan Tankus (writer and president of Notes on the Crises). The two of them lay out the consequences of these two decisions and they dig into the generations-long legal history, starting with Alexander Hamilton, that explains how we got here. Read more: Can Trump Still Fire Lisa Cook After Her Supreme Court Win? Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox now delivered every weekday plus unlimited access to the site and app. bloomberg.com/subscriptions/oddlots See omnystudio.com/listener for privacy information.