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Instant Reaction: Supreme Court Blocks Trump from Firing Fed's Lisa Cook | Balance of Power
Posted
June 29, 2026
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350
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June 29, 2026
350
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33:36Now PlayingThe US Supreme Court ruled that Federal Reserve Governor Lisa Cook can stay in her job for now, reinforcing the central bank’s independence from the White House and dealing a setback to President Donald Trump.
In a separate ruling, the court expanded the president’s power to fire top government officials at other federal agencies.
Voting 5-4, the high court said Cook can remain at the Fed while she fights Trump’s bid to oust her over unproven mortgage fraud allegations. Chief Justice John Roberts and Justice Brett Kavanaugh joined the three liberals in the majority.
Bloomberg's Paul Sweeney and Scarlet Fu got reaction from:
June Grasso, Bloomberg Law Host
Elliot Stein, Bloomberg Intelligence litigation analyst
Tyler Kendall, Bloomberg Washington correspondent
Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion contributor
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Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.
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