29 jun 2026
US supreme court rules Trump’s firing of Lisa Cook from Fed was unconstitutional
Justices find president does not have constitutional authority to fire Federal Reserve governor without cause US supreme court decisions In its opinion, the court said that Trump does not have the constitutional authority to fire a Fed governor without cause.
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The court's decision means Cook can stay in her position as her challenge to her dismissal plays out in the lower courts. (Image credit: Drew Angerer)
nprThe decision, seen as a win for central bank independence, sends the fight over removal back to the lower courts.
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