Bloomberg Surveillance · Monday, June 29, 2026
The Supreme Court ruled that Federal Reserve Governor Lisa Cook can remain in her position while litigation continues, preventing President Trump from immediately firing her. The court's decision emphasized that the President must provide notice and an opportunity to be heard before removing officials from certain agencies.
“The Supreme Court ruled that Lisa Cook, a Federal Reserve governor, can stay in her job for now.”
“the four cause removal restriction requires that she have some sort of notice and opportunity to be heard, which the President and the administration did not offer her.”
“But by and large, it is taken to mean that the Supreme Court bolstered the independence of the Central Bank.”