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US supreme court rules Trump’s firing of Lisa Cook from Fed was unconstitutional

Justices find president does not have constitutional authority to fire Federal Reserve governor without cause

The US supreme court has ruled that Donald Trump’s firing of a Federal Reserve governor was unconstitutional, in a landmark ruling that limits a president’s authority over the central bank.

In its opinion, the court said that Trump does not have the constitutional authority to fire a Fed governor without cause.

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Jun 29, 2026 US supreme court Federal Reserve Business

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