U.S. Supreme Court Refuses to Allow Trump to Remove Fed Governor Lisa Cook

CoinFeed June 29 news, according to Bloomberg reports, the U.S. Supreme Court ruled 5-4 to allow Fed Governor Lisa Cook to remain in office temporarily, with the removal dispute between her and President Donald Trump to continue through the judicial process. Trump previously attempted to remove her based on unproven mortgage fraud allegations. This case is seen as a key legal test of whether the U.S. President can directly intervene in Federal Reserve personnel matters and affect central bank independence. The Supreme Court's decision provides legal protection for Cook to retain her position until the final ruling of the case.