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Supreme Court blocks Trump's bid to remove Fed governor Lisa Cook

financeJun 29, 2026613,756

The U.S. Supreme Court temporarily blocked President Donald Trump from removing Federal Reserve governor Lisa Cook, ruling that Cook can remain in her position while her legal challenge to the dismissal proceeds in lower courts. The decision rebuffed Trump’s unprecedented effort to oust a sitting Fed governor and preserved the Federal Reserve’s independence, at least for now. The court’s action lets Cook continue carrying out board duties during ongoing proceedings rather than being immediately removed. Separately, the Court allowed removals at other agencies in related rulings and upheld the president’s prior dismissal of the last Democrat on the Federal Trade Commission. The order does not resolve the underlying legal dispute; litigation over whether the president can fire a Fed governor will continue in the lower courts and could return to the Supreme Court later.

rickf
@rickf.indieweb.social.ap.brid.gy

Supreme Court Blocks Trump’s Fed Firing But Allows Removals at Other Agencies … this is bad for the country.

14545d ago
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