The US Supreme Court has reaffirmed the Federal Reserves independence by blocking attempts to allow presidential removal of its governors without a high legal threshold. In a case involving Governor Lisa Cook, the court ruled that dismissal would require proof of serious misconduct tied to official duties while legal proceedings continue.

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

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…