Supreme Court Hears Arguments on President Trump Bid to Fire Federal Reserve Governor Lisa Cook
The U.S. Supreme Court heard oral arguments regarding Donald Trump's attempt to remove Federal Reserve Governor Lisa Cook over unproven fraud allegations.
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US Supreme Court heard oral arguments on January 21, 2026, in a case concerning the attempt by donald trump to fire lisa cook from the Federal Reserve Board of Governors. This legal battle represents the most significant challenge to the independence of the central bank since its creation in 1913. The administration of donald trump is seeking to overturn a lower court ruling that blocked the removal of lisa cook, who was appointed by joe biden in 2022 as the first Black woman to serve as a governor.
US Supreme Court heard oral arguments on January 21, 2026, in a case concerning the attempt by donald trump to fire lisa cook from the Federal Reserve Board of Governors. This legal battle represents the most significant challenge to the independence of the central bank since its creation in 1913. The administration of donald trump is seeking to overturn a lower court ruling that blocked the removal of lisa cook, who was appointed by joe biden in 2022 as the first Black woman to serve as a governor.
