FT News Briefing Supreme Court appears sceptical over Fed firing
64 snips
Jan 22, 2026 
Derek Brower, U.S. News editor at the Financial Times, provides insights on Trump's shifting strategy regarding Greenland and his icy reception at the World Economic Forum. Stefania Palma, a legal correspondent for the FT, delves into the Supreme Court's skepticism about Trump's attempt to fire Federal Reserve governor Lisa Cook, highlighting concerns over the implications for Fed independence. The discussion also touches on the EU's decision to delay the Mercosur trade deal, revealing the complex interplay of politics and economics on the global stage.
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Greenland Shift Reveals US Policy Volatility
- Donald Trump first threatened tariffs over Greenland then claimed a deal involving US mineral rights, creating volatility for foreign leaders.
- Derek Brower says this flip-flop leaves allies unsure how to rely on US statements week to week.
Icy Reactions To US Envoys At Davos
- Derek Brower recounts icy receptions at Davos: a Treasury official mocked the EU and Christine Lagarde walked out.
- He notes Howard Lutnick was heckled and several US envoys faced chilly responses from attendees.
Legal Referral Stalls Mercosur Deal
- EU lawmakers sought a legal opinion that could delay Mercosur ratification for up to two years.
- The move prolongs a 25-year negotiation and fuels fears among European farmers about low-standard imports.