The Supreme Court has ruled in favor of Lisa Cook, a Federal Reserve governor, allowing her to remain in her position for now, putting a temporary halt to the Trump administration’s immediate dismissal efforts.
Court Blocks Trump’s Attempt To Remove Fed Governor Cook
The Supreme Court’s decision was announced on Wednesday, according to AP News. The court will review the arguments in January 2026 regarding President Donald Trump‘s attempt to remove Cook from the Fed board. This ruling will be under consideration while Cook’s challenge to her dismissal by Trump is ongoing.
The court’s ruling permits Cook to attend the final two Fed meetings of 2025, including the upcoming interest rate-setting session in late October. This marks a rare occasion where Trump …