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The Latest Breaking News from Lisa Cook

U.S. Supreme Court rules 6-3 for presidential removal of independent agency commissioner

Welcome to the Thursday, July 2, 2026, Brew.

Ballotpedia

‘In the end the court did its job’ – a former federal judge reviews a Supreme Court term full of momentous decisions

In the Supreme Court term that began in October 2025, the justices delivered major decisions in cases ranging from voting rights to citizenship to presidential power. The Conversation’s Politics and Legal Affairs Editor, Naomi Schalit, spoke with Dickinson College President John Jones, a former federal judge, about the court’s session.

The Conversation

U.S. Supreme Court rules 6-3 for presidential removal of independent agency commissioners

On June 29, the U.S. Supreme Court ruled 6–3 in the case of Trump v. Slaughter that the president may remove a leader of a multi-person independent agency for reasons other than those enumerated in statute. The Court upheld President Donald Trump's (R) 2025 dismissal of Federal Trade Commission (FTC)…

Ballotpedia

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SCOTUS term marked by shifts to the right, some checks on Trump

The Supreme Court capped its term Tuesday with one decision overturning a long-standing campaign finance limit and another turning aside President Donald Trump’s attempt to unilaterally change birthright citizenship — a day, experts said, that exemplified this year at the court. Throughout the term, they said the conservative-controlled court continued…

Roll Call

Fed's Warsh: Will decide on rate hike when policymakers 'shut the door' at next meeting

At an international monetary policy forum, Federal Reserve Chair Kevin Warsh stressed the necessity of maintaining a 2% inflation target. He notably refrained from giving any forward guidance on interest rates. Warsh's remarks have sparked debate among economists regarding potential future rate increases, as global central banks adopt varying approaches…

The Economic Times

What the Supreme Court's Latest Decisions Mean for Your Money This Year

Several recent U.S. Supreme Court rulings could have notable financial consequences for homeowners, taxpayers, investors, and consumers.

Kiplinger

US Stock Market: US Supreme Court shields Fed independence, but leaves central bank more isolated

The US Supreme Court has reaffirmed the Federal Reserve’s independence by blocking attempts to allow presidential removal of its governors without a high legal threshold. In a case involving Governor Lisa Cook, the court ruled that dismissal would require proof of serious misconduct tied to official duties while legal proceedings…

The Economic Times

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What New Supreme Court Rulings Mean for Your Money in 2026

Several recent U.S. Supreme Court rulings could have notable financial consequences for homeowners, taxpayers, investors, and consumers.

Kiplinger

The Latest: Supreme Court is set to rule on Trump’s challenge to birthright citizenship

The Supreme Court will rule on the constitutionality of President Donald Trump’s order on birthright citizenship declaring that children born to parents who are in the United States illegally or temporarily are not American citizens

The Independent UK

Trump takes his inflation battle to gas retailers after his Fed plot runs ashore—sets target for $2.50 a gallon

"The retailers must quickly react to this statement, and do what they know is right — DROP YOUR PRICE FOR OUR GREAT AMERICAN PEOPLE!"

Fortune

Stock Index Futures Gain at Quarter-End, U.S. JOLTS Report and Nike Earnings on Tap

September S&P 500 E-Mini futures (ESU26) are up +0.10%, and September Nasdaq 100 E-Mini futures (NQU26) are up +0.16% this morning, putting the major indexes on track for their strongest quarterly gains in years.

Barchart

Trump threatens to abolish birthright citizenship through Congress after supreme court rules against him – as it happened

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The Guardian - US

The supreme court has again undermined the power of Congress

The Trump v Slaughter decision allows the president further influence over agencies Congress itself created

The Guardian - US

US Supreme Court says Fed's Cook can keep her job for now, but it upholds other Trump firings

The Supreme Court has significantly broadened presidential authority, allowing presidents to dismiss heads of independent federal agencies at will, overturning a long-standing precedent. However, the Federal Reserve remains an exception, with a governor allowed to remain in her post while contesting her dismissal. This ruling grants presidents greater control over…

The Economic Times

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International Business Times UK

US Supreme Court Rules Trump's Firing Of First Black Female Fed Governor Lisa Cook Was 'Void From The Start'

The US Supreme Court ruled against Donald Trump's attempt to dismiss Federal Reserve Governor Lisa Cook, marking a historic decision that underscores the importance of the Fed's independence.

Reason

Can the Supreme Court Slaughter Slaughter Without Cooking Cook?

Tensions between today's two major presidential removal power decisions.

The Conversation

Federal Reserve independence secures an important, but not final, victory at US Supreme Court

The Federal Reserve, under pressure from President Donald Trump to cut interest rates and bend to his will, just got an important assist from the U.S. Supreme Court.

Kiplinger

Stocks Rally to Start a Big Holiday Week: Stock Market Today

Comcast created a stir among communication services stocks with a plan to spin off its media and entertainment assets into a new publicly traded company.

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International Business Times

Stocks Jump As U.S. And Iran Halt Hostilities And Resume Negotiations; Dow Closes At New Record

Stocks jumped on Monday in a volatile session as the U.S. and Iran halted hostilities and are set to resume negotiations on Tuesday.

International Business Times

Trump Vows To 'Take Appropriate Action' To Remove Lisa Cook From Fed Board Despite Adverse Supreme Court Ruling

President Donald Trump vowed to continue efforts to remove Lisa Cook from the Federal Reserve's board following an adverse Supreme Course ruling.

International Business Times

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

The Supreme Court ruled that President Donald Trump cannot immediately remove Federal Reserve Governor Lisa Cook, citing statutory protections and preserving the Fed's independence while litigation continues.

The Guardian - US

Outcry over supreme court decision to grant Trump power to fire agency chiefs

Legal and labor experts say Trump v Slaughter decision upends settled constitutional law in favor of ‘loyalty test’

Fortune

The Supreme Court upholds Fed independence by saving Lisa Cook’s job—and also saves U.S. debt from a crisis

“Not only the fact of independence but also the appearance of independence is key to the Federal Reserve’s design.”

France 24

US Supreme Court expands Trump's power to fire officials, but protects Fed

The US Supreme Court on Monday boosted presidential power, upholding President Donald Trump’s firings of the heads of independent federal agencies with one important exception: the Federal Reserve.

Reason

Can the President Fire Anyone He Wants? Yes, Unless the Target Is Part of the Federal Reserve.

In a pair of decisions on Monday, the Supreme Court ruled that presidents have full authority to fire heads of executive branch agencies—but that the Fed is different.

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