US Supreme Court blocks Trump bid to remove Fed governor Cook while upholding power to fire FTC commissioner

US Supreme Court blocks Trump bid to remove Fed governor Cook while upholding power to fire FTC commissioner
30 articles·20 sources·updated about 3 hours ago·View in graph
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The US Supreme Court on Monday delivered a split decision on President Donald Trump’s efforts to reshape independent federal agencies, blocking his attempt to remove Federal Reserve governor Lisa Cook while upholding his power to fire a Democratic commissioner at the Federal Trade Commission.

In a 5-4 ruling, the court rejected the Trump administration’s bid to oust Cook, a Black economist appointed to the Fed board by President Joe Biden in 2022, while her legal dispute over alleged mortgage irregularities remains unresolved . The justices ruled that Trump had failed to follow the statutory requirement of “cause” for removal, warning that granting his request would have turned the Fed’s for-cause protections into “at-will employment.” Chief Justice John Roberts wrote that accepting the administration’s argument would have “transformed the Federal Reserve’s for-cause protection into an at-will employment arrangement,” a step the court said was unsupported by statute or tradition .

The decision preserves Cook’s position at the central bank, which has never seen a governor removed by a president in its 112-year history. Trump had accused Cook of mortgage fraud in August 2025, claiming she falsely declared two properties as primary residences in 2021 to secure lower interest rates. Cook denied wrongdoing, and court filings show she described one Atlanta property as a second home in a 2021 loan estimate and a security clearance form .

In a separate 6-3 ruling, the court sided with Trump by overturning a 1935 precedent that had shielded independent agency commissioners from presidential dismissal without cause. The decision allows Trump to fire FTC member Rebecca Slaughter, a Democrat, and potentially other officials across most federal agencies . Roberts wrote that the court was discarding the Humphreys Executor precedent, calling it inconsistent with the separation of powers. Trump hailed the ruling on Truth Social as a “BIG WIN” and “Historic and Unprecedented,” declaring it one of the most important decisions ever on presidential authority .

The court also declined to hear Trump’s appeal of a $5 million civil verdict in the E. Jean Carroll sexual abuse and defamation case, leaving the award intact . The jury found Trump liable in 2023 for assaulting Carroll in a Manhattan department store dressing room in 1996 and for defaming her in 2022. Trump’s lawyers had argued the verdict relied on inflammatory evidence, but the Supreme Court’s refusal to intervene means the payment stands unless overturned on other grounds.

Legal experts said the rulings mark a turning point in the balance of power between the presidency and independent regulators, with the Fed carved out as an exception for now. Roberts noted the Fed’s “distinct historical tradition” of insulation from political interference, a nod to its unique role in economic policymaking .

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Live From Europe

Høyesterett avviser Trump-anke i overgrepssak I 2023 kom en jury fram til at USAs president Donald Trump hadde forgrepet seg på den amerikanske journalisten og forfatter E. Jean Carroll og ærekrenket henne i uttalelser han ga i 2022. Juryen tilkjente også Carroll en erstatning på 5 millioner dollar for dette. Trump anket til Høyesterett. Mandag ble det klart at USAs høyeste domstol ikke vil behandle anken. Det betyr at Trump må betale erstatningen og at juryens vurdering av at Trump forgrep seg på henne og ærekrenket henne blir stående, skriver CNN.

nrk · about 3 hours ago

El Supremo de EEUU tumba los intentos de Trump de destituir a la gobernadora de la Fed Lisa Cook mientras su caso siga abierto El Supremo protege a la gobernadora de la Reserva Federal, que está sufriendo un caso de supuesto fraude hipotecario impulsado por la Administración Trump, pero sí avala los despidos de responsables de agencias independientes, como el de Rebecca Slaughter, miembro demócrata de la Comisión Federal de Comercio El Supremo de EEUU rechaza la petición de Trump de anular la indemnización de 5 millones en el caso de abuso sexual de E. Jean Carroll
El Supremo da más poder a Trump sobre agencias federales y avala el despido de la demócrata Rebecca Slaughter como miembro de la Comisión Federal de Comercio
        Trump no puede echar a la gobernadora de la Fed Lisa Cook. Así lo ha decidido este lunes el Tribunal Supremo de EEUU por  5 votos a 4. El objeto de este caso son los intentos de la Administración Trump de destituir a Lisa Cook, miembro de la Junta de Gobernadores de la Reserva Federal, basándose en acusaciones de fraude hipotecario, que ella niega rotundamente. 
    
        Los tribunales inferiores exigieron a Trump que permitiera a Cook permanecer en la Reserva Federal mientras continuaba el litigio, y el Tribunal Supremo escuchó en enero los argumentos sobre si debía suspender la decisión del tribunal inferior.
    
        El Supremo ha rechazado este lunes la solicitud de la Administración Trump de suspender la decisión del tribunal inferior; es decir, Lisa Cook puede seguir ocupando su cargo mientras continúe el litigio.
    
        Aceptar cualquiera de los argumentos [de la Administración Trump] supondría, en la práctica, transformar la protección por causa justificada de la Reserva Federal en un empleo a voluntad, un salto interpretativo que no se ajusta a la ley promulgada por el Congreso ni a la tradición de nuestra nación de un banco central protegido de la injerencia política. Por lo tanto, denegamos la solicitud del Gobierno, afirma el Supremo.
    
        Así, el tribunal rechaza la solicitud de Trump de destituir a la gobernadora de la Reserva Federal de su cargo mientras se desarrolla el litigio.
    
        Ningún presidente ha destituido a un gobernador de la Reserva Federal en los 112 años de historia del organismo.
    
        Trump intentó destituir a Cook el 25 de agosto, pero una jueza federal dictaminó la semana pasada que la destitución era ilegal, y la reincorporó a la junta de la Reserva Federal.
    
        Trump acusó a Cook de fraude hipotecario porque aparentemente declaró dos propiedades, en Michigan y Georgia, como residencias principales en julio de 2021, antes de unirse a la junta. Dichas declaraciones pueden implicar una tasa hipotecaria más baja y un pago inicial menor que si una de ellas se declarara como propiedad de alquiler o segunda vivienda.
    
        Cook ha negado cualquier irregularidad y no ha sido acusada de ningún delito. Según documentos obtenidos por The Associated Press, Cook especificó que su apartamento en Atlanta sería una casa de vacaciones, según una estimación de préstamo que obtuvo en mayo de 2021.
    
        Y en un formulario para obtener una autorización de seguridad, lo describió como una segunda residencia. Ambos documentos desmienten las acusaciones de fraude de la administración Trump.
    
        La jueza federal de distrito Jia Cobb dictaminó que la Administración no había cumplido con el requisito legal de que los gobernadores de la Reserva Federal solo pueden ser despedidos con causa justificada, que, según ella, se limitaba a mala conducta durante el ejercicio del cargo. Cook no se incorporó a la junta directiva de la Reserva Federal hasta 2022.
    
        Cobb también sostuvo que el despido de Trump habría privado a Cook de su debido proceso, o derecho legal, a impugnar el despido.
    
        Después del fallo de Coob, la corte federal de apelaciones de Washington rechazó el recurso del gobierno para permitir el despido de Cook.
    
        Los abogados de Trump han argumentado que, incluso si la conducta ocurrió antes de su etapa como gobernadora, su presunta acción pone en duda indiscutiblemente la confiabilidad de Cook y su capacidad para gestionar responsablemente las tasas de interés y la economía.
    Más poder de Trump sobre agencias federales
        Rebecca Slaughter interpuso un recurso contra su destitución del cargo de miembro de la Comisión Federal de Comercio.
    
        Según la legislación federal, el presidente de EEUU solo podía destituirla por ineficiencia, negligencia en el cumplimiento de sus funciones o malversación en el ejercicio de su cargo, y no alegó ninguno de esos motivos al despedirla. 
    
        Los tribunales de primera instancia ordenaron a Trump que reincorporara a Slaughter: se remitieron al caso Humphreys Executor, de 1935, en el que el Tribunal Supremo había ratificado la necesidad de fundamentar de destitución de la comisión de comercio.
    
        Sin embargo, el Tribunal Supremo en el caso Slaughter sostiene que esa necesidad de fundamentar el despido por causa justificada de la comisión de comercio es contraria a la separación de poderes prevista en la Constitución. Además, anula el caso Humphreys Executor.
    
        De esta manera, el Supremo amplía el poder de Trump sobre las agencias independientes al afirmar que el presidente tenía la autoridad para destituir a Slaughter, miembro demócrata de la Comisión Federal de Comercio. 
    
        Gran victoria hace apenas unos instantes en el Tribunal Supremo, en el caso Slaughter, que confirma la potestad presidencial en nuestro país para destituir a los funcionarios del Poder Ejecutivo y a los nombrados por las agencias, o a los representantes, en virtud del artículo II, ha afirmado Trump en Truth Social: Esta decisión era algo que los presidentes de Estados Unidos llevaban mucho tiempo buscando, desde la década de 1930. Es un gran honor ser el presidente en ejercicio que ha conseguido este fallo histórico y sin precedentes, uno de los más importantes jamás dictados en lo que respecta a los poderes presidenciales.
    
        
                                            






    
                                    
                
                                                                                                                                        
                                                    
                                                
                                                                                                                        
                                                    
                                                
                                                                    
                                                    
                                                
                                    
                

                

            
            

            
            
                            
            
                Truth Social de Trump sobre el caso Slaughter.

El Supremo de EEUU tumba los intentos de Trump de destituir a la gobernadora de la Fed Lisa Cook mientras su caso siga abierto El Supremo protege a la gobernadora de la Reserva Federal, que está sufriendo un caso de supuesto fraude hipotecario impulsado por la Administración Trump, pero sí avala los despidos de responsables de agencias independientes, como el de Rebecca Slaughter, miembro demócrata de la Comisión Federal de Comercio El Supremo de EEUU rechaza la petición de Trump de anular la indemnización de 5 millones en el caso de abuso sexual de E. Jean Carroll El Supremo da más poder a Trump sobre agencias federales y avala el despido de la demócrata Rebecca Slaughter como miembro de la Comisión Federal de Comercio Trump no puede echar a la gobernadora de la Fed Lisa Cook. Así lo ha decidido este lunes el Tribunal Supremo de EEUU por 5 votos a 4. El objeto de este caso son los intentos de la Administración Trump de destituir a Lisa Cook, miembro de la Junta de Gobernadores de la Reserva Federal, basándose en acusaciones de fraude hipotecario, que ella niega rotundamente. Los tribunales inferiores exigieron a Trump que permitiera a Cook permanecer en la Reserva Federal mientras continuaba el litigio, y el Tribunal Supremo escuchó en enero los argumentos sobre si debía suspender la decisión del tribunal inferior. El Supremo ha rechazado este lunes la solicitud de la Administración Trump de suspender la decisión del tribunal inferior; es decir, Lisa Cook puede seguir ocupando su cargo mientras continúe el litigio. Aceptar cualquiera de los argumentos [de la Administración Trump] supondría, en la práctica, transformar la protección por causa justificada de la Reserva Federal en un empleo a voluntad, un salto interpretativo que no se ajusta a la ley promulgada por el Congreso ni a la tradición de nuestra nación de un banco central protegido de la injerencia política. Por lo tanto, denegamos la solicitud del Gobierno, afirma el Supremo. Así, el tribunal rechaza la solicitud de Trump de destituir a la gobernadora de la Reserva Federal de su cargo mientras se desarrolla el litigio. Ningún presidente ha destituido a un gobernador de la Reserva Federal en los 112 años de historia del organismo. Trump intentó destituir a Cook el 25 de agosto, pero una jueza federal dictaminó la semana pasada que la destitución era ilegal, y la reincorporó a la junta de la Reserva Federal. Trump acusó a Cook de fraude hipotecario porque aparentemente declaró dos propiedades, en Michigan y Georgia, como residencias principales en julio de 2021, antes de unirse a la junta. Dichas declaraciones pueden implicar una tasa hipotecaria más baja y un pago inicial menor que si una de ellas se declarara como propiedad de alquiler o segunda vivienda. Cook ha negado cualquier irregularidad y no ha sido acusada de ningún delito. Según documentos obtenidos por The Associated Press, Cook especificó que su apartamento en Atlanta sería una casa de vacaciones, según una estimación de préstamo que obtuvo en mayo de 2021. Y en un formulario para obtener una autorización de seguridad, lo describió como una segunda residencia. Ambos documentos desmienten las acusaciones de fraude de la administración Trump. La jueza federal de distrito Jia Cobb dictaminó que la Administración no había cumplido con el requisito legal de que los gobernadores de la Reserva Federal solo pueden ser despedidos con causa justificada, que, según ella, se limitaba a mala conducta durante el ejercicio del cargo. Cook no se incorporó a la junta directiva de la Reserva Federal hasta 2022. Cobb también sostuvo que el despido de Trump habría privado a Cook de su debido proceso, o derecho legal, a impugnar el despido. Después del fallo de Coob, la corte federal de apelaciones de Washington rechazó el recurso del gobierno para permitir el despido de Cook. Los abogados de Trump han argumentado que, incluso si la conducta ocurrió antes de su etapa como gobernadora, su presunta acción pone en duda indiscutiblemente la confiabilidad de Cook y su capacidad para gestionar responsablemente las tasas de interés y la economía. Más poder de Trump sobre agencias federales Rebecca Slaughter interpuso un recurso contra su destitución del cargo de miembro de la Comisión Federal de Comercio. Según la legislación federal, el presidente de EEUU solo podía destituirla por ineficiencia, negligencia en el cumplimiento de sus funciones o malversación en el ejercicio de su cargo, y no alegó ninguno de esos motivos al despedirla. Los tribunales de primera instancia ordenaron a Trump que reincorporara a Slaughter: se remitieron al caso Humphreys Executor, de 1935, en el que el Tribunal Supremo había ratificado la necesidad de fundamentar de destitución de la comisión de comercio. Sin embargo, el Tribunal Supremo en el caso Slaughter sostiene que esa necesidad de fundamentar el despido por causa justificada de la comisión de comercio es contraria a la separación de poderes prevista en la Constitución. Además, anula el caso Humphreys Executor. De esta manera, el Supremo amplía el poder de Trump sobre las agencias independientes al afirmar que el presidente tenía la autoridad para destituir a Slaughter, miembro demócrata de la Comisión Federal de Comercio. Gran victoria hace apenas unos instantes en el Tribunal Supremo, en el caso Slaughter, que confirma la potestad presidencial en nuestro país para destituir a los funcionarios del Poder Ejecutivo y a los nombrados por las agencias, o a los representantes, en virtud del artículo II, ha afirmado Trump en Truth Social: Esta decisión era algo que los presidentes de Estados Unidos llevaban mucho tiempo buscando, desde la década de 1930. Es un gran honor ser el presidente en ejercicio que ha conseguido este fallo histórico y sin precedentes, uno de los más importantes jamás dictados en lo que respecta a los poderes presidenciales. Truth Social de Trump sobre el caso Slaughter.

eldiario.es · about 3 hours ago

Live From Europe

Trump e la causa per abusi sessuali, respinto il ricorso: via libera a 5 milioni di risarcimento alla scrittrice E. Jean Carroll La Corte Suprema Usa ha confermato la condanna di Donald Trump in sede civile, per risarcire con 5 milioni di dollari la scrittrice E. Jean Carroll. Questultima aveva denunciato il presidente per diffamazione e abusi sessuali: il verdetto di colpevolezza era giunto nel 2023, pronunciato da una giuria di New York. Oggi i giudici della […] Larticolo Trump e la causa per abusi sessuali, respinto il ricorso: via libera a 5 milioni di risarcimento alla scrittrice E. Jean Carroll proviene da Il Fatto Quotidiano.

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Hooggerechtshof wijst Trumps hoger beroep af in aanrandingszaak E. Jean Carroll Het Amerikaanse hooggerechtshof heeft maandag het hoger beroep van president Donald Trump afgewezen in de aanrandingszaak tegen schrijfster E. Jean Carroll. Hij kreeg in 2023 een miljoenenboete voor seksueel misbruik en smaad, waartegen hij herhaaldelijk in beroep ging.

nu.nl · about 3 hours ago

Live From Europe

Rückschlag für US-Präsident Trump: Gericht lässt Notenbankdirektorin im Amt Vergangenes Jahr hatte Donald Trump verkündet, Lisa Cook aus ihrem Amt zu entlassen. Doch mehrere Gerichte stoppten ihn. Jetzt steckt er erneut eine Niederlage ein.

tagesspiegel · about 3 hours ago

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US-Notenbank: Entscheidung des Supreme Courts – Trump darf Lisa Cook vorerst nicht entlassen Es ist ein Präzedenzfall. Noch nie hat ein US-Präsident versucht, ein Mitglied des Gouverneursrats zu entlassen. Nun hat der Supreme Court entschieden, dass er das vorerst nicht darf.

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USA unter Trump: Supreme Court stärkt Trumps Macht – aber nicht über die Fed Liveticker zur US-Politik unter Donald Trump / Trump soll republikanischen Senator angeschrien haben / Jetzt lesen im Liveticker der FAZ

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faz · about 3 hours ago

Supreme Court rejects Trump effort to toss $5 million E. Jean Carroll verdict The Supreme Court on Monday rejected an effort by President Trump to toss a $5 million civil verdict that found he sexually abused and defamed writer E. Jean Carroll.Why it matters: Its another loss for Trump after years of trying to get the verdict thrown out. He has denied wrongdoing and alleged Carroll made false, politically motivated accusations.This is a developing story.

Supreme Court rejects Trump effort to toss $5 million E. Jean Carroll verdict The Supreme Court on Monday rejected an effort by President Trump to toss a $5 million civil verdict that found he sexually abused and defamed writer E. Jean Carroll.Why it matters: Its another loss for Trump after years of trying to get the verdict thrown out. He has denied wrongdoing and alleged Carroll made false, politically motivated accusations.This is a developing story.

axios · about 3 hours ago

Supreme Court rules Trump cannot fire Fed member Lisa Cook

Supreme Court rules Trump cannot fire Fed member Lisa Cook

news.yahoo.com · about 3 hours ago

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Supreme Court expands Trumps powers to fire federal workers - but stops his push to remove Lisa Cook from Fed Supreme Court  expanded the presidents authority by removing a 91-year-old precedent intended to prevent politics from interfering with independent regulatory agencies

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independent · about 3 hours ago

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financial times · about 3 hours ago

🇺🇸 US President Donald Trump has threatened to take "appropriate action" against Fed Governor Lisa Cook, after a Supreme Court ruling blocked him from firing her.

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bluesky_AFP English · about 3 hours ago

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US Supreme Court rebuffs Trumps appeal in E. Jean Carroll case reut.rs/4y29NtN

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bluesky_Reuters · about 3 hours ago

Live From Europe

JUST IN - U.S. Supreme Court declines to hear Trumps appeal to overturn a $5 million verdict in favor of E. Jean Carroll. Read here: @disclosetv

telegram_Disclose.tv · about 3 hours ago

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BREAKING - US Supreme Court rules Trump can fire Federal Trade commissioner bit.ly/4vx2OHq Follow @InsiderPaper for more news

telegram_Insider Paper · about 3 hours ago

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Δικαστικό μπλόκο στον Τραμπ για την απομάκρυνση της Λίζα Κουκ από τη Fed Στην απόφασή του, το δικαστήριο έκρινε ότι, η Κουκ είχε δικαίωμα να ενημερωθεί προηγουμένως για τους λόγους της αποπομπής της και να της δοθεί η δυνατότητα να απαντήσει πριν από οποιαδήποτε ενέργεια απομάκρυνσής της

protothema · about 3 hours ago

Rückschlag für Trump: Gericht lässt Vorständin der Fed im Amt Der Oberste Gerichtshof wies einen Antrag der US-Regierung ab. Trump wirft Lisa Cook Ungereimtheiten bei Hypothekenverträgen vor

Rückschlag für Trump: Gericht lässt Vorständin der Fed im Amt Der Oberste Gerichtshof wies einen Antrag der US-Regierung ab. Trump wirft Lisa Cook Ungereimtheiten bei Hypothekenverträgen vor

der standard · about 3 hours ago

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Dalla Corte Suprema doppio colpo a Trump: deve risarcire Jean Carrol per violenza e non può cacciare Lisa Cook dalla Fed Le decisioni dei giudici: 5 milioni alla giornalista per violenza sessuale e diffamazione; in altro processo, sempre per lo stesso fatto, il presidente ha fatto appello contro il pagamento di 83 milioni. E alla Federal Reserve, la governatrice resta al suo posto

corriere · about 3 hours ago

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USA: Rückschlag für Trump: Gericht lässt Fed-Vorständin im Amt Vergangenes Jahr hat Trump verkündet, die Fed-Vorständin Cook mit sofortiger Wirkung aus ihrem Amt zu entlassen. Doch mehrere Gerichte stoppten ihn. Jetzt steckt er erneut eine Niederlage ein.

sueddeutsche · about 3 hours ago

Supreme Court says Trump cant fire Fed governor Lisa Cook The Supreme Court ruled Monday that President Trump could not immediately remove Federal Reserve governor Lisa Cook, a blockbuster ruling that limits the presidents influence on the central bank.Why it matters: The decision is the highest courts strongest endorsement yet of Federal Reserve independence, making it harder for Trump and future administrations to reshape the central bank through presidential firings.What theyre saying: "We see no reason to leave the public in limbo, or to sow doubt as to the status of one of our Nations (and the worlds) most important financial institutions," Chief Justice John Roberts wrote. "Although we appreciate that others may see matters differently, we would not so quickly unsettle this special arrangement sanctioned by history."Yes, but: Even with Roberts sweeping defense of the Feds independence, the ruling was narrow in one key respect. Roberts said the administration failed to follow the required process before removing Cook, leaving open the possibility that the president could try again after giving Cook notice, a chance to respond and a factual basis that courts can review."To be clear, the ultimate question of whether the President can remove Cook for cause will depend in part on the underlying facts," Roberts wrote.Flashback: Trump said last year that he was firing Cook for cause, citing mortgage applications from before she was a Fed governor.Trump said the documents show fraud for claiming two separate homes as a primary residence, a claim that has not been affirmed by lower courts.Cook, the first Black woman to serve on the Fed board, was appointed to a 14-year term by former President Biden in 2022.The intrigue: "This was never about mortgage documents signed years before I became a Federal Reserve governor. It was an attempt to remove me on a manufactured pretext because I refused to bow to political pressure and continued to set interest rates based only on what would best serve the American people," Cook said in a Monday statement. "Todays ruling affirms a principle that has underpinned sound economic stewardship for generations: that the Federal Reserve must make all its policy decisions guided by evidence and independent judgment, free from political interference," Cook said.The other side: "As I have repeatedly said, I believe Lisa Cook will be indicted for mortgage fraud," Bill Pulte, the housing regulator who has repeatedly accused Cook of mortgage fraud and urged her removal, wrote on X m Monday after the Supreme Court decision.Between the lines: Fed governors are appointed to lengthy terms to insulate one of the worlds most influential economic bodies from political influence.But the Federal Reserve Act allows the president to fire a governor for cause, though none except Trump has ever attempted to do so. What to watch: Trumps attempt to fire Cook last year came months before former Fed chair Jerome Powell said the Department of Justice had launched a criminal investigation into his conduct.The Department of Justice said in April that it planned to drop that criminal probe, a sharp reversal that opened the path for Trumps Fed pick Kevin Warsh to be confirmed to lead the central bank.But Powell is remaining on the Fed Board of Governors — his term as a governor expires in January 2028 — calling out what he sees as an ongoing threat by the Trump administration to reopen a criminal investigation over the Feds building renovations.Editors note: This story has been updated with comment from Cook and Pulte.

Supreme Court says Trump cant fire Fed governor Lisa Cook The Supreme Court ruled Monday that President Trump could not immediately remove Federal Reserve governor Lisa Cook, a blockbuster ruling that limits the presidents influence on the central bank.Why it matters: The decision is the highest courts strongest endorsement yet of Federal Reserve independence, making it harder for Trump and future administrations to reshape the central bank through presidential firings.What theyre saying: "We see no reason to leave the public in limbo, or to sow doubt as to the status of one of our Nations (and the worlds) most important financial institutions," Chief Justice John Roberts wrote. "Although we appreciate that others may see matters differently, we would not so quickly unsettle this special arrangement sanctioned by history."Yes, but: Even with Roberts sweeping defense of the Feds independence, the ruling was narrow in one key respect. Roberts said the administration failed to follow the required process before removing Cook, leaving open the possibility that the president could try again after giving Cook notice, a chance to respond and a factual basis that courts can review."To be clear, the ultimate question of whether the President can remove Cook for cause will depend in part on the underlying facts," Roberts wrote.Flashback: Trump said last year that he was firing Cook for cause, citing mortgage applications from before she was a Fed governor.Trump said the documents show fraud for claiming two separate homes as a primary residence, a claim that has not been affirmed by lower courts.Cook, the first Black woman to serve on the Fed board, was appointed to a 14-year term by former President Biden in 2022.The intrigue: "This was never about mortgage documents signed years before I became a Federal Reserve governor. It was an attempt to remove me on a manufactured pretext because I refused to bow to political pressure and continued to set interest rates based only on what would best serve the American people," Cook said in a Monday statement. "Todays ruling affirms a principle that has underpinned sound economic stewardship for generations: that the Federal Reserve must make all its policy decisions guided by evidence and independent judgment, free from political interference," Cook said.The other side: "As I have repeatedly said, I believe Lisa Cook will be indicted for mortgage fraud," Bill Pulte, the housing regulator who has repeatedly accused Cook of mortgage fraud and urged her removal, wrote on X m Monday after the Supreme Court decision.Between the lines: Fed governors are appointed to lengthy terms to insulate one of the worlds most influential economic bodies from political influence.But the Federal Reserve Act allows the president to fire a governor for cause, though none except Trump has ever attempted to do so. What to watch: Trumps attempt to fire Cook last year came months before former Fed chair Jerome Powell said the Department of Justice had launched a criminal investigation into his conduct.The Department of Justice said in April that it planned to drop that criminal probe, a sharp reversal that opened the path for Trumps Fed pick Kevin Warsh to be confirmed to lead the central bank.But Powell is remaining on the Fed Board of Governors — his term as a governor expires in January 2028 — calling out what he sees as an ongoing threat by the Trump administration to reopen a criminal investigation over the Feds building renovations.Editors note: This story has been updated with comment from Cook and Pulte.

axios · about 3 hours ago

Supreme Court rules Trump can fire independent agency heads, with key exception The Supreme Court on Monday cleared the way for President Trump to freely fire officials from the Federal Trade Commission and most — though not all — agencies that have long been politically independent.Why it matters: It is a historic unraveling for agencies that have long been shielded from politics. The ruling will vastly expand presidential power and influence.The big picture: The ruling overturns Humphreys Executor, a nearly century-old precedent that says independent agency commissioners cannot be fired without specific cause.What theyre saying: "If anything more is left of Humphreys, we overrule it," Chief Justice John Roberts wrote for the court.Trump celebrated the ruling on Truth Social, calling it a "BIG WIN" that confirmed he had the power to remove officials. "It is such an Honor to be the sitting President who won this Historic and Unprecedented Ruling, one of the most important ever given with respect to Presidential Powers."Yes, but: The 6–3 ruling came with a carve-out for the Federal Reserve, in line with earlier signals that Supreme Court sees the central bank in a different light.The ruling was released alongside a separate 5–4 decision blocking Trump from immediately firing Fed governor Lisa Cook.Roberts emphasized the ruling does not necessarily apply to the Federal Reserve, citing the central banks "distinct historical tradition."Zoom out: The case centers on Trumps firing of two Democratic appointees, Rebecca Slaughter and Alvaro Bedoya.Trump said that allowing Slaughter to remain at the regulatory agency would be "inconsistent with my Administrations policies," according to the letter that announced the firing.Zoom in: With no Democrats set to return to the Republican-led agency, regulatory decisions will be made without real pushback or checks within the building. Democrats had a minority at the FTC to start with, but historically, dissents from the minority over major decisions were a transparent way to peek into decision-making among commissioners.FTC chair Andrew Ferguson has aligned the FTC with Trumps tech agenda, and though he hasnt hesitated to question tech companies for bad behavior, hes also delved into ideological issues like transgender care for children and alleged conservative censorship.The other side: During the hearing in December, liberal justices warned about the consequences of handing presidents too much power by allowing them to fire independent government officials.Should commanders-in-chief be able to fire independent commissioners, "what you are left with is a president that might … [have] control over everything, including much of the lawmaking in this country," Justice Elena Kagan said at the time.

Supreme Court rules Trump can fire independent agency heads, with key exception The Supreme Court on Monday cleared the way for President Trump to freely fire officials from the Federal Trade Commission and most — though not all — agencies that have long been politically independent.Why it matters: It is a historic unraveling for agencies that have long been shielded from politics. The ruling will vastly expand presidential power and influence.The big picture: The ruling overturns Humphreys Executor, a nearly century-old precedent that says independent agency commissioners cannot be fired without specific cause.What theyre saying: "If anything more is left of Humphreys, we overrule it," Chief Justice John Roberts wrote for the court.Trump celebrated the ruling on Truth Social, calling it a "BIG WIN" that confirmed he had the power to remove officials. "It is such an Honor to be the sitting President who won this Historic and Unprecedented Ruling, one of the most important ever given with respect to Presidential Powers."Yes, but: The 6–3 ruling came with a carve-out for the Federal Reserve, in line with earlier signals that Supreme Court sees the central bank in a different light.The ruling was released alongside a separate 5–4 decision blocking Trump from immediately firing Fed governor Lisa Cook.Roberts emphasized the ruling does not necessarily apply to the Federal Reserve, citing the central banks "distinct historical tradition."Zoom out: The case centers on Trumps firing of two Democratic appointees, Rebecca Slaughter and Alvaro Bedoya.Trump said that allowing Slaughter to remain at the regulatory agency would be "inconsistent with my Administrations policies," according to the letter that announced the firing.Zoom in: With no Democrats set to return to the Republican-led agency, regulatory decisions will be made without real pushback or checks within the building. Democrats had a minority at the FTC to start with, but historically, dissents from the minority over major decisions were a transparent way to peek into decision-making among commissioners.FTC chair Andrew Ferguson has aligned the FTC with Trumps tech agenda, and though he hasnt hesitated to question tech companies for bad behavior, hes also delved into ideological issues like transgender care for children and alleged conservative censorship.The other side: During the hearing in December, liberal justices warned about the consequences of handing presidents too much power by allowing them to fire independent government officials.Should commanders-in-chief be able to fire independent commissioners, "what you are left with is a president that might … [have] control over everything, including much of the lawmaking in this country," Justice Elena Kagan said at the time.

axios · about 3 hours ago

Supreme Court rejects Trumps push to toss $5 million verdict in E. Jean Carroll sexual abuse case

Supreme Court rejects Trumps push to toss $5 million verdict in E. Jean Carroll sexual abuse case

news.yahoo.com · about 3 hours ago