Why the Supreme Court's Ruling on the Fed This Week Is Good for the Stock Market
Key takeaways
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- Many observers of the investigation into Cook believe it was initiated to force her ouster from the Fed and replace her with a governor more amenable to the interest rate cuts Trump wants.
- Had the court ruled that Trump could fire Cook without proof of wrongdoing, it would mean that the president (any president) could fire Fed governors at will, without cause.
Matthew Benjamin, The Motley Fool Fri, July 3, 2026 at 11:50 PM GMT+7 4 min read NVDA In a major decision this week, the Supreme Court ruled that the Federal Reserve has a historically unique kind of independence from the executive branch and, as a result, the president cannot fire a Fed governor without cause. And that's very welcome news for investors.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The decision stems from President Donald Trump's attempts to fire Fed Governor Lisa Cook on allegations that she committed mortgage fraud in 2021 (Cook denies the allegations and the Justice Department investigation into her actions is ongoing).