The United States Supreme Court has, for now, prevented the president from (Republican Party) fires member of the FED (Federal Reserve) Board of Governors . This Monday’s decision (June 29, 2026) comes on the same day that the Court allowed Trump to fire Democrat Rebecca Slaughter from the FTC (Federal Trade Commission, in Portuguese).
By 5 votes to 4, the Court found that Trump “failed to grant Cook the procedural protections to which she was entitled by law. Without those protections, she could not adequately challenge the allegations made by the president”.
Since the FED’s founding in 1913, no other president had attempted to remove a governor from the Board.
Conservative Justice John Roberts highlighted the importance of the FED’s independence in his decision. “We see no reason to leave the public in suspense or to sow doubts regarding the situation of one of the most important financial institutions in our country”he added.
Cook thanked the Supreme Court’s decision and stated that the process was an attempt to interfere in decisions at the FED. “These were never mortgage documents signed years before I became governor of the Federal Reserve. It was an attempt to remove me under a fabricated pretext because I refused to bow to political pressure and continued to set interest rates based solely on what best served the American people.”.
Trump, in turn, said the decision was made due to issues “strictly procedural”.
“Cook’s suit regarding his suitability for a seat on the Federal Reserve Board has been remanded by the Supreme Court on strictly procedural grounds. We will take appropriate action immediately to ensure that someone who has committed wrongdoing is not made vital decisions about the well-being of the United States of America!”Trump posted on his TruthSocial.
Trump X Cook
Donald Trump makes allegations against Lisa Cook.
In August, the Republican, without presenting evidence, when trying to remove Cook, claimed that she committed mortgage fraud. The first black woman on the Board of Governors classified the statement as a pretext to remove her from office for differing from Trump on monetary policy.
On September 9, Justice Trump carried out the dismissal. The decision determined that Cook would remain on the board of the US central bank until the case was analyzed in detail, and could continue to perform his duties during this period.
On October 1, the United States Supreme Court ruled that the President (Republican Party) could not immediately remove him from the Board of the (Federal Reserve, the US central bank). Analysis of the case was postponed until oral hearings.
Lisa Cook is the first black woman to serve as a governor on the Fed board in its more than 110 year history. She was appointed in 2022 by the then president (Democratic Party), with a term of office until 2038. Before joining the Fed, she was a professor of economics and international relations at Michigan State University.
Trump’s power expanded
The Supreme Court of (June 29, 2026), the power of the president (Republican Party) when authorizing the dismissal of directors of independent regulatory agencies. The decision, approved by 6 votes to 3, strengthens the White House’s control over federal agencies and could change the traditional operating structure of these institutions. The information was released by .
The ministers, however, made a reservation regarding the Fed (Federal Reserve, the US central bank) and reaffirmed the institution’s autonomy. In a separate decision, the Court indicated that central bank directors cannot be removed arbitrarily.
