The US Supreme Court blocks President Donald Trump’s attempt to immediately remove Federal Reserve Governor Lisa Cook, with the decision framed as protecting due process and the Fed’s independence from presidential control. Multiple outlets report that the Court rules Trump must provide notice and a hearing before Cook can be removed, and that the fight over the removal therefore continues in lower courts rather than being resolved right away. Several sources also describe the ruling as unconstitutional because it limits the president’s authority to fire a Fed governor without cause. Reporting notes that the Court’s action is a setback for Trump, who has alleged Cook committed mortgage fraud and has criticized the Fed’s interest-rate pace. Other coverage adds that, in the same term, the Supreme Court issues a separate ruling affecting presidential power over other independent federal agencies, though it does not change the immediate outcome for Cook. Because the Court’s decision keeps the matter alive and leaves procedural questions for further proceedings, Cook remains in her role while she challenges the removal effort.
US Supreme Court blocks Trump from immediately firing Fed Governor Lisa Cook
The US Supreme Court blocks President Donald Trump’s attempt to immediately remove Federal Reserve Governor Lisa Cook, with the decision framed as protecting due process and the Fed’s independence fro...
- The Supreme Court blocks President Trump’s attempt to remove Federal Reserve Governor Lisa Cook for now.
- The Court’s ruling centers on required legal process, including notice and a hearing, before removal.
- Several reports say the Court finds Trump lacks constitutional authority to fire a Fed governor without cause.
- The decision is issued in a closely split vote (described as 5-4 by multiple outlets).
- Cook remains in office while the dispute continues in lower courts; the Court’s action is described as reinforcing central bank independence.
In a 5-4 decision, the Supreme Court declined to halt a lower court blockade against President Trump's removal of Lisa Cook from the Fed.
48 minutes agoHowever, it outlined that other firings done by the republican president will be upheld.
1 hour agoThe justices allowed Fed governor Lisa Cook to stay in her job while she fights the Republican president's effort to fire her over allegations of mortgage fraud, which she has denied.
2 hours agoThe Supreme Court handed Trump sweeping power over independent agencies — but not to fire Lisa Cook.
2 hours agoThe Supreme Court ruled Monday that President Trump cannot fire Fed governor Lisa Cook while legal proceedings continue, but that his firing of Federal Trade Commission member Rebecca Slaughter was lawful. CBS News' Jan Crawford and contributors Rebecca Roiphe and Jessica Levinson have the latest.
2 hours agoThe Supreme Court ruled Monday that President Donald Trump does not have the executive authority to fire a member of the Federal Reserve. The post Supreme Court Rules Trump Target Lisa Cook Can Remain at Fed first appeared on Mediaite.
2 hours agoPutin acknowledges Russia faces fuel shortages after Ukrainian strikes
Russian President Vladimir Putin acknowledges that Russia is dealing with fuel shortages following Ukrainian strikes, ac...
Perpetua Resources, Marqeta, DXC Technology and others file Form 4 insider disclosures
Several companies publish Form 4 filings, which report changes in insider ownership of company securities. The filings r...
Bitcoin ETFs record largest-ever monthly outflows, totaling about US$4.1 billion
Bitcoin exchange-traded funds (ETFs) see their worst month on record, with investors withdrawing about US$4.1 billion du...