Supreme Court Defends Fed Independence | Lansing News

The Supreme Court just ruled 5-4 that President Trump couldn’t fire Lisa Cook, the first Black woman on the Federal Reserve, without a valid reason — a major win for institutional independence. The court rejected Trump’s attempt to remove her over mortgage fraud allegations she denied, saying such a move would undermine the Fed’s critical role as a politically insulated economic watchdog. Chief Justice Roberts emphasized that allowing presidential firing at will would erode the Fed’s protections and turn it into a political pawn — a dangerous precedent that the Court firmly rejected. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/564f2cf7d295f046