The Supreme Court agreed Wednesday to hear arguments on whether President Donald Trump can fire Lisa Cook from the Federal Reserve, a move that could test the independence of the central bank.
Cook will remain in her role until oral arguments in January and the court decides on Trump’s appeal, despite his request for immediate removal.
BREAKING: The Supreme Court has moved to allow Federal Reserve governor Lisa Cook to remain on the central bank board into 2026, saying it would take up President Trump's appeal seeking to remove her for cause during a hearing in January.
— ABC News (@ABC) October 1, 2025
Read more: https://t.co/i1YU8D1Ypg pic.twitter.com/FUXYaRQFdW
Trump fired Cook in August over allegations of mortgage fraud, which she has denied, calling the charges “manufactured.” A federal court blocked the dismissal, citing no evidence that Cook’s conduct harmed the board or public interest.
The case pits presidential authority against long-standing protections for independent agencies. If Trump succeeds, it would mark the first presidential firing of a Fed governor in 111 years.
BREAKING: Supreme Court allows Federal Reserve Governor Lisa Cook to remain in role for now, agrees to review case pic.twitter.com/PfmXhZRSi6
— Fox News (@FoxNews) October 1, 2025
Legal experts note the Supreme Court has allowed Trump to remove leaders at other independent agencies this year, but previous rulings distinguished the Fed as “uniquely structured” and historically shielded from political interference.
Cook warned that removing her could “eviscerate the independence” of the Fed and disrupt U.S. markets.
Also read:
TIPP Staff
