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 highlights that Fed officials are appointed for set terms and can only be dismissed under specific circumstances, ensuring the central bank remains free from political influence, a critical aspect of its economic responsibilities.

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

The Court denied the administration's application for a stay...

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