Supreme Court Delays Decision on Trump's Attempt to Fire Fed Governor Lisa Cook

The Supreme Court has deferred its decision on President Donald Trump's attempt to remove Federal Reserve Governor Lisa Cook, allowing her to remain in her position until oral arguments in January. Trump seeks to fire Cook over allegations of mortgage fraud, which she denies and calls "manufactured," and legal challenges have blocked her dismissal so far. This case raises significant questions about the independence of the Federal Reserve, a body historically protected from political interference, with experts warning that removing Cook could undermine its autonomy and disrupt markets. The White House maintains that Trump's removal of Cook was lawful and expects a favorable ruling after the Supreme Court hearings. Cook's lawyers argue that allowing the president unchecked removal power threatens the central bank's independence that has contributed to the strength of the U.S. economy. The Supreme Court's decision to delay action underscores the unprecedented nature of this dispute, as no president has attempted to fire a Federal Reserve governor in the institution's 111-year history.