Federal board row: SC blocks Donald Trump from firing Lisa Cook; hearing scheduled for Jan 2026

Oct 1, 2025 - 21:30
Federal board row: SC blocks Donald Trump from firing Lisa Cook; hearing scheduled for Jan 2026

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The Supreme Court blocked Donald Trump's immediate removal of Federal Reserve Governor Lisa Cook, ensuring she remains until January 2026 arguments. Trump accused Cook of mortgage fraud, but lower courts ruled her dismissal violated "for cause" requirements. This rare challenge to Fed independence highlights a broader legal battle over presidential authority to fire officials.

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