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

US supreme court decisions – live updates

The US supreme court has refused Donald Trump’s attempts to immediately fire a Federal Reserve governor, in a landmark ruling that limits a president’s authority over the central bank.

In a 5-4 opinion, the court said that Lisa Cook can stay on as a governor while she fights unproven allegations of mortgage fraud made by the Trump officials.