Supreme Court Signals Doubt Over Trump Move to Oust Fed’s Lisa Cook
The Supreme Court is now at the center of a high-stakes fight over whether a president can fire a sitting Federal Reserve governor.
At issue is Donald Trump’s attempt to remove Fed Governor Lisa Cook over alleged mortgage fraud—claims she denies and courts have already questioned.
According to Reuters and CBS News, lower courts blocked the firing, ruling Cook likely lacked due process and that the allegations may not meet the legal standard for removal.
But the Supreme Court is now weighing whether presidents have broader authority over independent agencies like the Fed.
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That question has triggered concern across financial and legal circles, since no president has ever removed a Fed governor in the central bank’s history.
Justices during arguments appeared skeptical of Trump’s position, signaling Cook may remain in her role while the case continues.
The outcome could reshape how much control future presidents have over the Federal Reserve and potentially the stability of U.S. economic policy.
A decision is expected later this year.
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