Fed board row: SC blocks Trump from firing Cook; hearing scheduled for Jan 2026
The Supreme Court blocked Donald Trump's immediate removal of Federal Reserve Governor Lisa Cook, ensuring she remains until January 2026 arguments. Trump accused Cook of mortgage fraud, but lower courts ruled her dismissal violated "for cause" requirements. This rare challenge to Fed independence highlights a broader legal battle over presidential authority to fire officials.
The Supreme Court blocked Donald Trump's immediate removal of Federal Reserve Governor Lisa Cook, ensuring she remains until January 2026 arguments. Trump accused Cook of mortgage fraud, but lower courts ruled her dismissal violated "for cause" requirements. This rare challenge to Fed independence highlights a broader legal battle over presidential authority to fire officials.
