US Supreme Court rules Trump unlawfully fired Federal Reserve governor Lisa Cook
The US Supreme Court ruled that Donald Trump's firing of Federal Reserve governor Lisa Cook was unconstitutional, limiting presidential authority over the central bank. The court found Trump could not terminate a Fed governor without cause, marking a significant win for Fed independence amid ongoing tensions concerning interest rate policies. Cook's term is scheduled to last until 2038.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 29 Jun 2026, 14:20 UTC · Updated 29 Jun 2026, 14:30 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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