US Supreme Court rejects Trump bid to fire Fed's Cook but expands presidential powers
The US Supreme Court refused on Monday to let Donald Trump fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank's cherished independence against an unprecedented challenge by the Republican president.
The court, in a 5-4 ruling, blocked Trump from removing Cook for now, providing a safeguard for the Fed specifically, even as it boosted the president's power over government in a separate landmark ruling on Monday.
In that ruling, involving Trump's dismissal of a
Supreme Court Expands Trump’s Firing Power
- Supreme Court Expands Presidential Power to Fire Officials, but Blocks Dismissal of Fed Governor for Now The New York Times —
- Cook Stays At Fed But Trump Wins Power Over Other Agencies Bloomberg —
- US Supreme Court gives Trump the power to fire top officials across the administration – except at the Fed Le Monde —
- Supreme Court rules on presidential firings; Trump announces new Iran talks, more | The Takeout 📹 CBS News — · 45min
- US Supreme Court blocks firing of Fed governor Financial Times —