NewsNovo
Supreme Court has blocked President Donald Trump from dismissing Federal Reserve governor Lisa Cook, a ruling with direct implications for the institutional independence of the central bank.
The decision preserves Cook's position on the Fed's board while legal proceedings continue, drawing a sharp line around presidential authority over monetary policy appointments.
A Split Signal From the Court The ruling on Cook arrived alongside a separate Supreme Court decision that went the other way — justices declined to block the president from removing a different federal regulator.
Markets and legal scholars will parse the distinction between the two cases carefully, because the outcome in each shapes how far executive reach extends across independent agencies.
Keep reading