Supreme Court Lets Fed Governor Stay | US News

The Supreme Court just gave Federal Reserve Governor Lisa Cook a temporary reprieve, letting her stay on the board while her legal battle against Trump’s attempt to remove her continues. Trump had pushed for her ouster over alleged mortgage missteps, but the Court sided with preserving Fed independence — recognizing the central bank’s unique role in the economy. Cook, appointed by Biden, denies the claims, while Trump vows to keep fighting. Though Cook’s seat is safe for now, the broader ruling expands presidential power over agencies — a win for Trump’s agenda elsewhere. Markets are watching closely, as a Fed reshuffle could shift policy toward lower rates — exactly what Trump wants. 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/cb08463725e95907