Supreme Court Expands Trump’s Firing Power

The Supreme Court ruled that President Trump can fire heads of independent agencies, overturning a 90-year-old precedent, but it blocked his removal of Federal Reserve Governor Lisa Cook.

Following the mixed ruling, Trump and the FHFA director vowed to continue pursuing mortgage fraud allegations against Cook.

Her lawyer fired back, insisting they 'won't succeed.' The decisions significantly reshape the balance of power between the executive branch and independent agencies, with implications for the Fed's independence.