LisaCook News & Analysis

Supreme Court Rules Trump Cannot Fire Fed Governor Lisa Cook

The Supreme Court ruled 5-4 that President Donald Trump cannot currently fire Federal Reserve Governor Lisa Cook. This decision upholds a lower federal court ruling preventing her termination while her lawsuit against the dismissal proceeds. The court did not determine whether Trump has the ultimate authority to remove Cook or any Fed member. This ruling is significant as it addresses the independence of the Federal Reserve amid ongoing political tensions regarding interest rate decisions.