{"id":771,"date":"2026-06-29T14:40:08","date_gmt":"2026-06-29T14:40:08","guid":{"rendered":"https:\/\/interstatemovingexpertss.com\/?p=771"},"modified":"2026-06-29T14:40:08","modified_gmt":"2026-06-29T14:40:08","slug":"supreme-court-rules-trump-cannot-fire-fed-governor-lisa-cook-for-now","status":"publish","type":"post","link":"https:\/\/interstatemovingexpertss.com\/?p=771","title":{"rendered":"Supreme Court rules Trump cannot fire Fed Governor Lisa Cook for now"},"content":{"rendered":"
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watch now<\/span><\/div><\/div><\/span><\/div>
VIDEO<\/span>2:41<\/span>02:41<\/span><\/div>
Supreme Court allows Lisa Cook to remain at the Fed for now<\/div>
Squawk on the Street<\/div><\/div><\/div><\/div><\/div><\/div>

The Supreme Court ruled Monday that President Donald Trump does not have the authority to fire Federal Reserve Governor Lisa Cook from the central bank for now.<\/p>

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The court did not rule whether Trump ultimately will have the power to fire Cook or any other member of the Fed.<\/p>

Instead, the 5-4 ruling rejected Trump’s bid to stay a lower federal court ruling that had prevented her from being terminated as her lawsuit challenging her dismissal proceeds.<\/p>

Chief Justice John Roberts wrote the for the majority, which included his fellow conservative justice Brett Kavanaugh, as well as the court’s three liberal members, Elena Kagan, Sonia Sotomayor and Ketanji Brown Jackson. The four other conservative justices dissented.<\/p><\/div>

The ruling came nearly nine months after Trump said he was firing Cook because she had been accused by a Trump-appointed official of committing mortgage fraud before becoming a Fed governor.<\/p>

But she remained on the Fed’s Board of Governors since then, after a federal district court judge and then the Supreme Court blocked her removal pending the outcome of her lawsuit challenging Trump’s action.<\/p>

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Despite Trump’s claim that he wanted to remove Cook because of the mortgage fraud allegation, Cook and others believed he was motivated by her refusal to vote for interest rate cuts that the president demanded from the Fed in the first nine months of his second term in the White House.<\/p>

Under the Federal Reserve Act, a president can remove a Fed governor only “for cause.”<\/p><\/div>

Read more CNBC politics coverage<\/h2>