Supreme Court Blocks Trump from Firing Fed Governor Lisa Cook

The U.S. Supreme Court on June 29 ruled that Lisa Cook will remain as a Federal Reserve governor while her lawsuit challenging Trump's firing proceeds, blocking the administration's removal effort for now. The ruling, reported across at least 9 independent sources, preserves Cook's seat as the litigation moves through lower courts. Fox News framed the case around mortgage fraud allegations tied to Cook's three home loan properties in Michigan, Georgia, and Massachusetts — allegations that are central to the White House's stated rationale. The broader question before courts is whether the president has constitutional authority to remove Fed governors for reasons other than cause, a question that could fundamentally reshape central bank independence. The case sits at the intersection of executive power expansion and monetary policy governance.