U.S. Supreme Court blocks Trump’s attempt to fire Fed Governor Lisa Cook
The Supreme Court, in a 5‑4 vote, prevented President Donald Trump from removing Federal Reserve Governor Lisa Cook, citing lack of constitutional authority and preserving the central bank’s independence.
The U.S. Supreme Court blocked President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook in a 5‑4 decision. The Court said the President does not have constitutional authority to fire a Federal Reserve governor without cause, according to The Guardian. It also reversed a 1935 precedent that restricted presidential powers to remove heads of independent agencies, reported by DW.
The ruling upheld other firings by Trump of heads of independent agencies and expanded presidential power to fire members of independent agencies, as confirmed by multiple sources. The decision was seen as preserving the Federal Reserve’s independence.
The attempted firing was based on unproven mortgage fraud allegations. Lisa Cook can remain in her position while the case proceeds in lower courts.
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0 contested (attributed to both sides), 2
single-source (attributed). Nothing was added; no significance was inferred.
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