The decision was a loss for Trump at the Supreme Court, which previously rejected the sweeping tariffs that were at the center of his economic policy.

The Supreme Court has dealt a major blow to Trump’s revenge quests, as well as his attempt to control the Federal Reserve.

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

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