Supreme Court Delays Decision on Trump’s Bid to Fire Fed Governor Cook, Oral Arguments Set for January

The Supreme Court has opted to defer an immediate decision on President Donald Trump’s attempt to remove Federal Reserve board member Lisa Cook, instead scheduling oral arguments for early next year. This ruling, issued on a recent Wednesday, ensures Governor Cook will retain her position while the high-stakes legal battle unfolds, with a final decision expected by late June 2026.

President Trump had sought the Court’s permission to immediately fire Cook amid ongoing lower court litigation. The Supreme Court’s move suggests a lack of majority support for his expedited request. Under the Federal Reserve Act, presidents are typically restricted from removing governors unless ‘for cause,’ meaning evidence of wrongdoing.

Trump alleges he fired Cook for cause, citing accusations of mortgage fraud from Federal Housing Finance Agency Director Bill Pulte. Cook vehemently denies these claims, with bank records reportedly contradicting the fraud allegations. This legal challenge is part of a broader push by Trump, who has been critical of the Fed’s policies and has sought greater influence over the independent agency, including advocating for lower interest rates. Cook, notably, voted in favor of the Fed’s first rate cut of the year on September 17.

The administration, which has faced judicial setbacks in its aggressive use of executive power, expressed confidence in an ‘ultimate victory’ after presenting its arguments. Cook’s legal team welcomed the decision, allowing her to continue her role on the Federal Reserve Board. The Supreme Court is also set to hear another case concerning presidential power over federal agencies in December.

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