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The Guardian - US
The Guardian - US
World
Lauren Aratani

US supreme court rules Trump’s firing of Lisa Cook from Fed was unconstitutional

Lisa Cook Donald Trump United States Jerome Powell US Federal Reserve White House
a woman speaks
Lisa Cook at the Economic Club of Miami earlier this month. Photograph: Joe Raedle/Getty Images

The US supreme court has refused Donald Trump’s attempts to immediately fire a Federal Reserve governor, in a landmark ruling that limits a president’s authority over the central bank.

In a 5-4 opinion, the court said that Lisa Cook can stay on as a governor while she fights unproved allegations of mortgage fraud made by the Trump officials.

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