Supreme Court Upholds Lisa Cook's Position Amid Expanded Executive Authority
WHO:
Fox News - The amicus brief was signed by every living former chair of the Federal Reserve, including Alan Greenspan, Ben Bernanke, and Janet Yellen, as well as six former Treasury secretaries and seven former White House economic advisors.
Fox News - Lisa Cook, Federal Reserve Governor; President Trump; Solicitor General D. John Sauer; Chairman Jerome Powell; Alan Greenspan, Ben Bernanke, Janet Yellen (former Federal Reserve chairs); six former Treasury secretaries; seven former White House economic advisors.
WHAT:
Fox News - The 32-page amicus brief argues that allowing the Trump administration to remove a sitting Fed governor would "erode public confidence in the Fed’s independence and threaten the long-term stability of the economy."
Bloomberg Markets - The US Supreme Court ruled in a 5-4 decision that President Trump cannot immediately fire Federal Reserve Governor Lisa Cook.
NBC News - The Supreme Court's ruling allows Cook to remain in her position while she contests Trump's attempt to oust her over unproven mortgage fraud allegations.
Fox News - The ruling is seen as a significant test of the legal protections that insulate the Federal Reserve from direct political control.
Bloomberg Markets - The Supreme Court's decision protects governors from being fired by the president without proof of wrongdoing.
WHERE:
Fox News - The Federal Reserve Board building in Washington, D.C.
WHEN:
Fox News - The Supreme Court's ruling occurred on June 25, 2025.
WHY:
Fox News - The group of former officials warned that expanding presidential control over the Federal Reserve could undermine confidence in U.S. monetary policy and risk higher inflation and economic instability.
Fox News - The ruling aims to preserve the Federal Reserve's independence and prevent the erosion of public confidence in its operations.
Fox News - The amicus brief filed by former economic officials argues that expanding presidential control over the Federal Reserve could undermine confidence in U.S. monetary policy and threaten long-term economic stability.
HOW:
Fox News - Solicitor General D. John Sauer stated that Cook’s amici filing did not address the "legal issues at the heart of this case," emphasizing that "policy preferences are not the law."
Fox News - The Supreme Court's decision was based on the unique constitutional position of the Federal Reserve among independent federal agencies, allowing Cook to remain in office while her lawsuit proceeds.
(UPDATED June 29, 2026 21:21 UTC)
A significant amicus brief has been signed by every living former chair of the Federal Reserve, including notable figures like Alan Greenspan, Ben Bernanke, and Janet Yellen, along with six former Treasury secretaries and seven former White House economic advisors. This 32-page document argues that allowing the Trump administration to remove a sitting Fed governor could undermine public confidence in the Fed’s independence and threaten the long-term stability of the economy. In response, Solicitor General D. John Sauer pointed out that the amici filing did not address the core legal issues of the case, stressing that "policy preferences are not the law."
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(UPDATED June 29, 2026 17:47 UTC)
In a significant ruling, the US Supreme Court decided in a narrow 5-4 vote that President Trump cannot immediately fire Federal Reserve Governor Lisa Cook. This decision allows Cook to keep her position while she challenges Trump's attempt to remove her over unproven mortgage fraud allegations. The ruling is viewed as a critical test of the legal protections that safeguard the Federal Reserve from direct political influence and ensures that governors cannot be dismissed without evidence of wrongdoing. The Supreme Court's decision aims to maintain the independence of the Federal Reserve and bolster public confidence in its operations, countering concerns that increased presidential control could destabilize U.S. monetary policy. The ruling highlights the unique constitutional status of the Federal Reserve among independent federal agencies, allowing Cook to remain in office as her lawsuit unfolds.