Andrew ChungJun 30, 2026 – 12.54amWashington DC | The US Supreme Court refused on Monday to let Donald Trump fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank’s cherished independence against an unprecedented challenge by the Republican president.The court, in a 5-4 ruling, blocked Trump’s bid to become the first president to remove a Fed official since Congress created the central bank in 1913. In his second term as president, Trump has tested the limits of presidential power in numerous other ways as well.ReutersSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
US Supreme Court rejects Trump’s unprecedented bid to fire Fed’s Cook
Trump was trying to become the first president to remove a Fed official as part of his bid to increase his powers over the nation’s institutions.
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