Supreme Court ruled that President Trump cannot fire Federal Reserve Board member Lisa Cook at this time, allowing her to remain in her post while legal challenges proceed in lower courts. The court distinguished the Fed from other agencies, stating the board can only be fired for cause. Cook denies allegations of falsifying documents related to property loans, and the case now returns to lower courts for further examination.
Original Article Source Link:
https://www.npr.org/2026/06/29/nx-s1-5557955/supreme-court-fed-lisa-cook