WASHINGTON — The U.S. Supreme Court is set to address President Donald Trump’s removal of Federal Reserve Board governor Lisa Cook in January, following an order filed Wednesday. The court will defer a decision on Trump’s request to halt a lower court ruling keeping Cook in her position until after oral arguments next month.
In late August, Trump attempted to dismiss Cook from the Federal Reserve Board, accusing her of falsehoods on a mortgage application. A federal judge favored Cook in September when she challenged Trump’s actions. A three-judge panel later rejected Trump’s appeal, confirming Cook’s role until further proceedings.
Trump petitioned the Supreme Court for intervention, a move that could significantly impact his executive authority. White House press secretary Karoline Leavitt expressed confidence in Cook’s firing, asserting, “We look forward to that case being fully played out at the Supreme Court.”
The backdrop of this legal conflict involves Trump’s ongoing attempts to influence the independent central bank’s decisions. He and allies have criticized Federal Reserve Chair Jerome Powell, advocating for lower interest rates.
Recently, Trump appointed White House economist Stephen Miran to the board, although Miran opposed the Fed’s interest rate cut in 2025. Cook, the first Black woman on the Fed board, was appointed by former President Joe Biden and confirmed by the Senate in a 51-47 vote. The Federal Reserve’s mandate includes maximizing employment and stabilizing inflation through interest rate regulation.
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