The US Supreme Court ruled 5-4 against Trump's attempt to remove Fed Governor Lisa Cook, preserving central bank independence and its market implications.

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 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