Supreme Court rules 5-4 that Trump cannot fire Fed Governor Lisa Cook, reinforcing central bank independence with major implications for monetary policy.

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

The Supreme Court says Federal Reserve governor Lisa Cook can remain in her job for now, a rebuke to President Donald Trump’s bid to wrest control of the nation’s central bank.

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

The Fed got a rare shield from the court.

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…