Supreme Court Temporarily Blocks Trump’s Bid to Oust Fed Governor Lisa Cook

WASHINGTON – The Supreme Court on Wednesday ruled to temporarily keep Lisa Cook on the Federal Reserve Board of Governors, declining an immediate request from the Trump administration to remove her. This decision allows Cook to continue in her role while a legal challenge against her firing proceeds.

The high court announced it would hear arguments in January 2026 regarding President Donald Trump’s attempt to force Cook off the central bank’s board. The justices will review a lower-court ruling that favored Cook, effectively freezing her status quo and allowing her to participate in upcoming Fed meetings, including the critical late October interest rate-setting session.

This marks an unprecedented move in the Fed’s 112-year history, as no president has previously fired a sitting Fed governor. The administration’s efforts to unseat Cook are seen as a significant challenge to the Federal Reserve’s intended independence from political influence.

Trump has accused Cook of mortgage fraud, allegations she has denied. However, a U.S. District Judge had previously ruled that Fed governors can only be fired ‘for cause’ related to misconduct during their tenure, and also cited Cook’s right to due process. The Supreme Court’s decision to maintain Cook’s position for now signals a potential emphasis on preserving the Fed’s autonomy, according to legal experts.

The ruling comes as the justices are also set to hear arguments in December on a separate but related case concerning the President’s power to fire officials from other independent federal agencies, which could have further implications for Cook’s fate.

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