Supreme Court Blocks Trump from Firing Fed Governor Cook

The U.S. Supreme Court has ruled that President Donald Trump cannot remove Federal Reserve Governor Lisa Cook from her position. The decision, issued on Monday, protects the independence of the central bank’s leadership. In a separate ruling, the justices said the president does have the power to fire other top regulators. That case involved the head of the Consumer Financial Protection Bureau. The Cook case centered on whether the president can dismiss a Fed governor without cause. The court’s answer was no, affirming that such officials serve fixed terms and can only be removed for specific reasons. The rulings clarify the limits of presidential authority over independent agencies. They also reinforce the Fed’s ability to make monetary policy without political pressure.