Supreme Court blocks Trump's attempt to fire Federal Reserve governor Lisa Cook
The US Supreme Court ruled 5-4 to block President Trump's attempt to fire Federal Reserve Governor Lisa Cook, citing a lack of due process. The court sent the case back to lower courts to address allegations of mortgage fraud against Cook.
Why it matters
The ruling reinforces the legal protections intended to maintain the independence of the Federal Reserve from political interference.
Image source, Getty Images By Natalie Sherman , Business reporter and Francisco Velasquez , Business reporter Published 29 June 2026 The US Supreme Court has blocked President Donald Trump's attempt to fire a governor of the US central bank, in a ruling seen as affirming the Federal Reserve's independence.
The article reports on a judicial ruling by summarizing the arguments from both the administration and the defense.
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