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Monday, June 29, 2026
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. |
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