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Supreme Court temporarily blocks Trump from firing Fed's Lisa Cook

Original: Supreme Court blocks Trump, for now, from firing Fed Board member Lisa Cook

The US Supreme Court has issued a temporary block preventing President Trump from removing Lisa Cook, a member of the Federal Reserve's Board of Governors, from her position. The ruling is provisional, leaving the underlying dispute over presidential authority to fire Fed officials to be resolved later. The case touches on the independence of the central bank, a core issue in the legal fight.

Why now: It is an unprecedented test of presidential power over the Federal Reserve, with major implications for central bank independence.

Lisa CookDonald TrumpUS Supreme CourtFederal Reserve

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• Supreme Court blocks Trump, for now, from firing Fed Board member Lisa Cook · ABC7 New York

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