✉news WorldLaw & Courts first seen 11 h ago, last 23 min ago, peak #37
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 Supreme Court has ruled, at least for now, that President Trump cannot remove Federal Reserve Board governor Lisa Cook from her position. The decision preserves the central bank's independence while litigation over presidential authority to fire Fed officials continues. Cook, appointed by President Biden in 2022, has challenged her removal as unlawful. The ruling is one of the most closely watched tests of presidential power over the Federal Reserve.
Why now: It is a major legal check on Trump's attempts to exert control over the Federal Reserve.
Supreme CourtDonald TrumpLisa CookFederal Reserve
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