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International Business Times
International Business Times
Merin Rebecca Thomas

Supreme Court Blocks Trump's Bid To Remove Fed Governor Lisa Cook, Preserving Central Bank Independence

Lisa Cook Donald Trump US Federal Reserve John Roberts Brett Kavanaugh
Lisa Cook's case marks the first time a U.S. president has attempted to remove a sitting Federal Reserve governor since Congress established the central bank in 1913. (Credit: Getty Images)

The U.S. Supreme Court on Monday blocked President Donald Trump's attempt to immediately remove Federal Reserve Governor Lisa Cook, leaving her in office while the legal challenge over her dismissal returns to the lower courts.

In a 5-4 decision, the Supreme Court ruled that Trump failed to provide Cook with the procedural protections required under federal law before attempting to remove her.

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