US supreme court rules Trump’s firing of Lisa Cook from Fed was unconstitutional
The US Supreme Court ruled that President Trump's attempt to fire Federal Reserve governor Lisa Cook was unconstitutional due to a lack of procedural protections. The 5-4 decision limits presidential authority over the central bank, allowing Cook to remain in her position.
Why it matters
This ruling establishes a significant legal check on executive power regarding the independence of the Federal Reserve.
Lisa Cook at the Economic Club of Miami earlier this month. Lisa Cook at the Economic Club of Miami earlier this month. US supreme court US supreme court rules Trump’s firing of Lisa Cook from Fed was unconstitutional Justices find president does not have constitutional authority to fire Federal Reserve governor without cause
The Guardian focuses on the limitation of presidential power and highlights the court's departure from its usual deference to the current administration.
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