The US Supreme Court has blocked President Donald Trump from firing Federal Reserve Governor Lisa Cook, drawing a constitutional line over who gets to control the nation’s central bank.
How we got here
Cook was appointed to the Fed’s Board of Governors by President Biden in 2022 and reappointed to a 14-year term in 2023. Those 14-year terms exist for a reason: they’re designed to insulate monetary policy from the election cycle.
Trump attempted to remove Cook in August/September 2025, citing allegations of mortgage fraud. Cook denied the claims.
US District Court Judge Jia Cobb issued a preliminary injunction blocking the removal. On October 1, 2025, the Supreme Court upheld that injunction, preventing Cook’s ouster while the legal battle played out.
