Economy

Supreme Court sceptical of Trump firing of Lisa Cook

January 21, 2026

The Supreme Court expressed skepticism regarding President Trump's authority to fire Federal Reserve Governor Lisa Cook, raising concerns about central bank independence and the implications of such a decision. Justices questioned the process and whether the president's actions could undermine the credibility of the Fed, as Cook contends she was denied due process in her dismissal.

Federal Reserve Governor Lisa ok delivers remarks during an event organized by the Psaros Center for Financial Markets and Policy at the Georgetown University's McDonough School of Business at the university on November 20, 2025 in Washington, DC

Credit: Co

Key Highlights

Supreme Court justices from both sides showed skepticism about Trump's firing of Lisa Cook.
Trump accused Cook of mortgage fraud, which she denied.
The case raises concerns about the independence of the Federal Reserve.
Cook's attorney argued that firing a Fed official without judicial review could be problematic.
The outcome could impact the authority of the president over Federal Reserve officials.

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Supreme Court sceptical of Trump firing of Lisa Cook

Key Highlights

Sources

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