AXIOS (Courtenay Brown) - 2 Supreme Court rulings treat the Fed as an exception
The Federal Reserve is different. That's the upshot of the Supreme Court's rulings Monday morning. Why it matters: President Trump can't fire Fed governor Lisa Cook for now, a 5-4 court majority held , alongside an opinion that offers a sweeping defense of the central bank's independence. - But the ruling is narrow enough that Trump and future presidents have latitude to fire Fed governors if they can establish legal cause more carefully than Trump did in the Cook case. - The decision came alongside a separate, historic ruling that cleared the way for Trump to fire leaders of the Federal Trade Commission and swept away nearly a century of protections shielding officials at most other independent agencies from presidential removal.…