US Supreme Court blocks Trump's bid to fire Fed governor Lisa Cook
The United States Supreme Court has blocked President Donald Trump's attempt to remove Federal Reserve Governor Lisa Cook, preserving her position while her legal challenge continues. The 5-4 ruling is a significant setback for the White House in a dispute that has drawn attention to the limits of presidential power over the central bank. It also keeps in place a judge's order preventing Cook's immediate dismissal.The court said Cook was not given the procedural protections required by statute before the removal effort. Chief Justice John Roberts wrote that governors at the Federal Reserve do not serve at the president's pleasure... [Continue Reading]
360LiveNews | 29 Jun 2026 20:03 LONDON
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US Supreme Court expands presidential firing power but lets Fed's Lisa Cook stay for now
The US Supreme Court has broadened presidential power to remove the heads of independent federal agencies, while making a specific exception for the Federal Reserve. In the latest ruling, the justices allowed Federal Reserve Governor Lisa Cook to remain in her post as she fights President Donald Trump's effort to dismiss her over allegations of mortgage fraud, which she denies. The decision marks a major shift in the balance between the White House and agencies that were designed to operate with a degree of independence.The court's majority said protections from removal are inconsistent with the Constitution's separation of powers, effectively... [Continue Reading]
360LiveNews | 29 Jun 2026 16:59 LONDON
