Supreme Court to Hear Case on Fed Independence, Lisa Cook Stays for Now
The Supreme Court has agreed to hear arguments in January on whether former President Donald Trump can fire Federal Reserve Governor Lisa Cook, setting up a major showdown over the central bank’s independence.
For now, Cook will remain in her post, as the Court declined Trump’s request for her immediate removal. The case raises key questions about presidential power and whether the Fed, historically shielded from political influence, can be treated like other agencies whose leaders Trump has previously been allowed to dismiss.
A ruling against Cook could give presidents more control over the Fed, potentially undermining its long tradition of autonomy. A decision in her favor would reaffirm the central bank’s independence at a time of high economic and political stakes.
The U.S. Supreme Court on Wednesday agreed to hear arguments in a high-stakes case that could reshape the balance of power between the presidency and the Federal Reserve, one of the most influential institutions in the global economy. At the center of the case is Lisa DeNell Cook, a member of the Federal Reserve Board of Governors, whom former President Donald Trump has sought to remove.
For now, theThe Court’s choice to let Cook remain in her position may be temporary, but it underscores just how carefully the justices are approaching a dispute that could redefine the relationship between the White House and the central bank.
