Trump suffers Supreme Court setback in bid to fire Fed governor
Sky News·2026-01-22 03:51

Six out of nine US Supreme Court justices have indicated support for keeping a central bank interest rate-setter in her job, in defiance of the Donald Trump administration. The White House moved last year to remove Lisa Cook, a member of the Federal Reserve's board, from her role, claiming she had committed mortgage fraud - a claim she has strongly denied and that has resulted in no criminal charges. Financial markets and political commentators widely saw the move as part of the US president's efforts to fo ...