Key facts
- The Supreme Court blocked President Trump's attempt to fire Federal Reserve Governor Lisa Cook.
- The court ruled that Cook was entitled to procedural protections, including notice and an opportunity to respond to allegations.
- The Supreme Court's decision leaves a lower court ruling intact that blocked Cook's firing.
- The Trump administration has renewed its request to a federal appeals court to allow Cook's removal.
- This is the first time in the Federal Reserve's history a president has attempted to fire a governor.
The Supreme Court has blocked President Trump's attempt to fire Federal Reserve Governor Lisa Cook, ruling that her removal was erroneous and that she was entitled to procedural protections. In a 5-4 decision, the high court rejected Trump's bid to oust Cook, leaving a lower court decision intact that blocked her firing while her legal challenge proceeds. Chief Justice John Roberts wrote that accepting the government's arguments would transform the Federal Reserve's for-cause protection into at-will employment.
The Trump administration has renewed its request to a federal appeals court to allow Cook's removal, arguing that her legal arguments for staying on the job were meritless. Lawyers for Cook countered that the administration has not shown sufficient cause for her dismissal. This marks the first time in the Federal Reserve's 112-year history that a president has attempted to fire a governor.