Supreme Court Blocks Trump Firing of Fed's Cook 5-4
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- Supreme Court blocked President Trump's firing of Federal Reserve board member Lisa Cook in a 5-4 vote on Monday, allowing her to stay on the job.
- Lisa Cook will remain in her Fed role as her legal challenge to the firing moves forward through the courts.
- Trump became the first president in the Federal Reserve's 112-year history to attempt to fire a sitting board member when he removed Cook last year.
- Cook was sacked over accusations of mortgage fraud, according to the article's truncated description of the underlying dispute.
- The ruling came on 06/29/26 as part of a broader day of Supreme Court decisions, with the same court separately ruling for Trump on agency power and against him on mail ballots.
Why it matters: The 5-4 ruling preserves Federal Reserve independence by rejecting Trump's unprecedented attempt to remove a sitting governor, but the single-vote margin leaves the constitutional question of presidential removal authority over the Fed unsettled. Cook remains at the central bank during ongoing litigation, meaning the final resolution — and any limits on presidential power over monetary policy governance — is still ahead.
