The US Supreme Court on Wednesday agreed to decide whether President Donald Trump can fire Federal Reserve Governor Lisa Cook, freezing the termination order until January 2026 oral arguments.
Trump fired Cook in late August alleging that she falsified her mortgage statements. In a letter to Cook posted to Truth Social, Trump said:
The Federal Reserve has tremendous responsibility for setting interest rates and regulating reserve and member banks. The American people must be able to have full confidence in the honesty of the members entrusted with setting policy and overseeing the Federal Reserve. In light of your deceitful and potentially criminal conduct in a financial matter, they cannot and I do not have such confidence in your integrity.
The termination follows a dispute ov