Supreme Court rules Trump cannotCourt rules Trump cannot fire Fed member Lisa Cook while expanding other agency powers
Supreme Court rejects Trump bid to fire Fed's Lisa Cook as legal case continuesSupreme Court strikes down limits on Trump removing FTC membersSupreme Court rules Trump cannot fire Fed member Lisa CookSupreme Court rules Trump cannot fire Fed member Lisa Cook; grants him more power over other independent agenciesIn loss for Trump, Supreme Court keeps Lisa Cook at the FedSupreme Court says Fed’s Cook can keep her job for now
The Supreme Court ruled on Monday that President Donald Trump cannot fire Federal Reserve board member Lisa Cook, rejecting his attempt to remove her from the central bank.
In a separate decision, the court granted the president greater authority to control heads of other independent federal agencies, expanding presidential power overall.
This ruling limits Trump's reach over the Fed while potentially reshaping how future presidents manage independent agencies.
- The Federal Reserve was established in 1913 through the Federal Reserve Act after the Panic of 1907 exposed flaws in the banking system.
- Lisa Cook is the first Black woman and the first person from Michigan to serve on the Federal Reserve Board of Governors.
- The Supreme Court's 9-0 decision to block Cook's removal was led by Chief Justice John Roberts, who has often sought bipartisan consensus on constitutional issues.
