Guardian

US supreme court rules Trump can fire leaders of independent agencies

CBS News

Supreme Court rejects Trump's attempt to fire Fed's Lisa Cook as legal battle continues

FOX News

Trumps firing power faces twin Supreme Court tests, but one agency may get special treatment

The Daily Economy

Trump v. Cook Won't Settle the Fed's Independence Problem

The Washington Post

The Supreme Court sees the importance of Fed independence

Newsweek

Roberts, Kavanaugh Join Liberal SCOTUS Justices Against Trumps Fed Firing

Daily Caller

Supreme Court Rules Trump Can Fire Executive Officials

Daily Wire

SCOTUS Hands Down Ruling On Trumps Move To Fire Fed Governor

Breitbart

Supreme Court Blocks Trumps Bid to Remove Fed Governor Lisa Cook

NBC4 Washington

Supreme Court rules Trump can't fire Federal Reserve governor Lisa Cook

Who is Lisa Cook? The central bank governor at the heart of the Supreme Courts Trump-Fed showdown

ABC News

Supreme Court blocks Trump, for now, from firing Fed Board member Lisa Cook

Outcry over supreme court decision to grant Trump power to fire agency chiefs

Forbes

Supreme Court Blocks Trump From Firing Fed's Lisa Cook

MS Now

Supreme Court backs Trumps bid to fire independent federal agency members

Los Angeles Times

Supreme Court: Trump may fire heads of independent agencies, but not the Federal Reserve

Explained: How Lisa Cooks three home loans became central to Trumps fight over her Federal Reserve seat

Supreme Court rules on Trump's attempt to fire Fed governor Lisa Cook

New Hampshire Public Radio

Supreme Court says Fed's Lisa Cook can stay in her job for now

ABC7 New York

BBC News

Supreme Court blocks Trump's attempt to fire Federal Reserve Governor Lisa Cook

US supreme court rules Trumps firing of Lisa Cook from Fed was unconstitutional

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"J.P. Morgan Global Research expects the Fed to remain on hold through 2026, keeping the funds rate steady at 3.5–3.75%."

"Our view is that the data will guide them toward not cutting."

"The Fed funds rate is now within a broad range of estimates of its neutral value, and we are well-positioned to wait to see how the economy evolves."

“With core inflation remaining above the 2% target for some considerable time, we think the Fed will cut its policy rate by only 25 [basis points] in 2026, putting the new Fed chair and President Trump at loggerheads almost immediately.”

"We expect one 25bp reduction in the first quarter of 2026, consistent with the median forecast from top Fed officials in the dot plot for one cut this year."

"Altogether in 2026, the bond market is expecting 50 more basis points of easing, or two 25-point cuts."

"The Fed will deliver rate cuts of 25 basis points each in June and September and that the fed funds rate will finish this cycle at 3%-3.25%."

"Morgan Stanley now expects the Federal Reserve to cut rates in January, April and June 2026, bringing the policy rate down to 3% to 3.25%."

"Our forecast of additional cuts next year is due to the change in leadership, not our read on the economy."

Will the U.S. Federal Reserve Deliver 3 Rate Cuts in 2026?

The Supreme Court ruled 5-4 on Monday that President Donald Trump failed to provide Federal Reserve Governor Lisa Cook the procedural protections required by law before attempting to remove her, allowing her to remain in her position while her legal challenge proceeds.

The Supreme Court ruled 5-4 on Monday that President Donald Trump failed to provide Federal Reserve Governor Lisa Cook the procedural protections required by law before attempting to remove her, allowing her to remain in her position while her legal challenge proceeds.

Chief Justice John Roberts, writing for the majority joined by Justice Brett Kavanaugh and the court's three Democratic-appointed justices, held that firing Cook without notice and an opportunity to respond rendered her removal "erroneous and void."

Chief Justice John Roberts, writing for the majority joined by Justice Brett Kavanaugh and the court's three Democratic-appointed justices, held that firing Cook without notice and an opportunity to respond rendered her removal "erroneous and void."

The court declined to rule on whether the mortgage fraud allegations against Cook met the legal standard for "cause" under the Federal Reserve Act of 1913, sending that question back to the lower courts for further examination.

The court declined to rule on whether the mortgage fraud allegations against Cook met the legal standard for "cause" under the Federal Reserve Act of 1913, sending that question back to the lower courts for further examination.

Trump moved to fire Cook in August 2025, citing claims by Federal Housing Finance Agency Director Bill Pulte that she had listed two separate properties as her primary residence on mortgage documents. Cook has denied wrongdoing and has not been charged with a crime.

Trump moved to fire Cook in August 2025, citing claims by Federal Housing Finance Agency Director Bill Pulte that she had listed two separate properties as her primary residence on mortgage documents. Cook has denied wrongdoing and has not been charged with a crime.

On the same day as the Cook ruling, the court issued a separate 6-3 decision in Trump v. Slaughter, overturning the 1935 Humphrey's Executor precedent and allowing the president to fire members of independent federal agencies such as the Federal Trade Commission at will.

On the same day as the Cook ruling, the court issued a separate 6-3 decision in Trump v. Slaughter, overturning the 1935 Humphrey's Executor precedent and allowing the president to fire members of independent federal agencies such as the Federal Trade Commission at will.

The court's majority opinion noted the Federal Reserve holds a "unique historical status" distinct from other independent agencies, a distinction that informed its decision to preserve the central bank's removal protections while expanding presidential firing power elsewhere.

The court's majority opinion noted the Federal Reserve holds a "unique historical status" distinct from other independent agencies, a distinction that informed its decision to preserve the central bank's removal protections while expanding presidential firing power elsewhere.

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The Supreme Court was right to block Trump's removal of Fed Governor Lisa Cook — the Federal Reserve's independence isn't just legal tradition, it's economic necessity. Every living former Fed chair signed a brief backing Cook, citing research that independent central banks produce better outcomes. Letting any president stack the Fed with loyalists hands future administrations a weapon that will be used again and again.

The Supreme Court was right to block Trump's removal of Fed Governor Lisa Cook — the Federal Reserve's independence isn't just legal tradition, it's economic necessity. Every living former Fed chair signed a brief backing Cook, citing research that independent central banks produce better outcomes. Letting any president stack the Fed with loyalists hands future administrations a weapon that will be used again and again.

Blocking Trump's removal of Cook is a procedural win, not a fix — the Fed's independence problem runs deeper than one governor's job security. Political pressure has already made Fed decisions illegible, since nobody can tell if rate choices reflect sound economics or institutional self-preservation. Congress created this ambiguity by leaving "for cause" undefined, and only Congress can close it.

Blocking Trump's removal of Cook is a procedural win, not a fix — the Fed's independence problem runs deeper than one governor's job security. Political pressure has already made Fed decisions illegible, since nobody can tell if rate choices reflect sound economics or institutional self-preservation. Congress created this ambiguity by leaving "for cause" undefined, and only Congress can close it.

SCOTUS Blocks Trump's Firing of Fed Governor Lisa Cook

SCOTUS Blocks Trump's Firing of Fed Governor Lisa Cook

The Supreme Court was right to block Trump's firing of Fed Governor Lisa Cook — the Federal Reserve's independence isn't just legal tradition, it's an economic necessity. Every living former Fed chair, spanning Republican and Democratic administrations, backed Cook in court, citing research showing independent central banks produce lower, more stable inflation. Letting any president stack the Fed with loyalists is a recipe for short-term political meddling that tanks long-term economic health.

The Supreme Court was right to block Trump's firing of Fed Governor Lisa Cook — the Federal Reserve's independence isn't just legal tradition, it's an economic necessity. Every living former Fed chair, spanning Republican and Democratic administrations, backed Cook in court, citing research showing independent central banks produce lower, more stable inflation. Letting any president stack the Fed with loyalists is a recipe for short-term political meddling that tanks long-term economic health.

Trump's firing of Cook raised a legitimate legal question about what "for cause" actually means under the Federal Reserve Act, and the Supreme Court's 5-4 procedural block doesn't settle that. The administration deliberately avoided broad constitutional arguments in Cook, signaling this is a narrow dispute about whether specific misconduct justified removal — not a sweeping power grab. Unelected governors serving 14-year terms with zero presidential accountability is the real democratic problem here.

Trump's firing of Cook raised a legitimate legal question about what "for cause" actually means under the Federal Reserve Act, and the Supreme Court's 5-4 procedural block doesn't settle that. The administration deliberately avoided broad constitutional arguments in Cook, signaling this is a narrow dispute about whether specific misconduct justified removal — not a sweeping power grab. Unelected governors serving 14-year terms with zero presidential accountability is the real democratic problem here.

SCOTUS Blocks Trump's Firing of Fed Governor Lisa Cook

SCOTUS Blocks Trump's Firing of Fed Governor Lisa Cook

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SCOTUS Blocks Trump's Firing of Fed Governor Lisa Cook

SCOTUS Blocks Trump's Firing of Fed Governor Lisa Cook

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