Supreme Court seems inclined to keep Lisa Cook on Fed board despite Trump attempt to fire her
AI Summary
The Supreme Court heard arguments regarding former President Trump's attempt to remove Federal Reserve Governor Lisa Cook from her position. Trump's effort was based on allegations of mortgage fraud, which Cook denies. The case is politically charged and raises questions about the independence of the nation's central bank. No president has ever successfully fired a sitting Fed governor in the institution's 112-year history. The Supreme Court's decision could have significant implications for the Fed's autonomy. Cook arrived at the Supreme Court with her attorney, Abbe Lowell, on Wednesday, January 21, 2026.
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