U.S. Supreme Court blocks Trump from removing Fed Governor Lisa Cook in 5-4 ruling

The U.S. Supreme Court ruled 5-4 that President Donald Trump cannot remove Federal Reserve Governor Lisa Cook without following the legally required process. The decision affirms that Federal Reserve appointments are protected by law, reinforcing the central bank’s independence in monetary policy. The ruling was grounded in procedural due process and did not address policy views or economic data. It does not change current rate decisions, but reduces the risk of political interference and supports confidence in the continuity and credibility of Fed decision-making.