The Supreme Court allowed Lisa Cook to continue in her post as a member of the Federal Reserve Board of Governors while legal proceedings over President Trump's attempt to fire her continue.

Trump first tried to fire Cook last year, alleging issues with her personal mortgage, which she denies.

The latest ruling follows a legal battle that began in 2025 after Trump sought to dismiss Cook, becoming the first US president since the Federal Reserve's establishment in 1913…

The Supreme Court issued its ruling in the latest instance of President Donald Trump's war on the Federal Reserve.

By Greg Robb and Robert Schroeder

The Supreme Court has taken a significant stand for the Federal Reserve's independence, rejecting President Trump's unusual effort to remove Governor Lisa Cook. The ruling…