Supreme Court rules Trump cannot fire Fed Governor Lisa Cook for now

Federal Reserve Board Governor Lisa Cook speaks on "The Outlook for the Economy and Monetary Policy" at the Brookings Institution in Washington, D.C., U.S., November 3, 2025. Kevin Lamarque | Reuters 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. The court did not rule whether Trump ultimately will have the power to fire Cook or any other member of the Fed. 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. Chief Justice John Roberts wrote the opinion 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. 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. 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. …