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Supreme Court rules Trump cannot fire Fed Governor Lisa Cook for now

CNBC · Jun 29, 2026, 2:28 PM · Also reported by 4 other sources

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  • The Supreme Court ruled Monday that President Donald Trump does not have the authority to fire Federal Reserve Governor Lisa Cook from the central bank for now.
  • The court did not rule whether Trump ultimately will have the power to fire Cook or any other member of the Fed.

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The Supreme Court ruled Monday that President Donald Trump does not have the authority to fire Federal Reserve Governor Lisa Cook from the central bank for now.

The court did not rule whether Trump ultimately will have the power to fire Cook or any other member of the Fed.

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