Supreme Court blocks Trump from firing Federal Reserve's Lisa Cook

The Supreme Court handed President Donald Trump another key loss on Monday, barring him from firing Federal Reserve Governor Lisa Cook for cause.

Roberts: "We decide whether that order should remain in effect pending the conclusion of litigation over the attempted removal."

Cook: "Federal Reserve independence is essential to fulfilling the congressional mandate of price stability and maximum employment"

Kavanaugh: "As the Court's opinion explains and the Government agrees, the Federal Reserve occupies a unique role in the U. S. Government"

Thomas: "those are ultimately arguments against the Constitution"

The Washington Examiner In Focus (Aug 28, 2025 op-ed, "Trump can control the Fed, but he can't control interest rates"):

"Cook allegedly listed two separate addresses as her primary residence in a pair of mortgage applications, a fairly textbook, even if minor, case of mortgage fraud if indeed proven by the Justice Department."

"On a practical level, Trump is undoubtedly correct that Cook's evident mortgage fraud demonstrates, at the very least, the same 'gross negligence' that riddled her academic record and spurred the Republican opposition to former President Joe Biden's decision to appoint Cook to the Fed in the first place."

"If the DOJ proves a criminal case against Cook, Trump will likely be legally and morally justified in firing her from the Fed board."