Economy & Markets
2 min read
Supreme Court to Hear Case: Can Trump Fire Federal Reserve Governor Lisa Cook?
Bloomberg
January 20, 2026•1 day ago
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The Supreme Court will hear arguments concerning President Trump's authority to remove Federal Reserve Governor Lisa Cook. This case stems from Trump's attempt to dismiss Cook amidst unproven mortgage fraud allegations. The justices will decide if the President can oust her while the legal proceedings continue. This action is part of a broader effort by Trump to increase his influence over the Federal Reserve.
Months after President Donald Trump attempted to fire Federal Reserve Governor Lisa Cook over unproven mortgage fraud allegations, the case will get a hearing before the Supreme Court.
On Jan. 21, the justices are scheduled to consider whether Trump can oust Cook while the legal fight over the allegations proceeds. The case is one element in an effort by Trump to exert more control over the Fed and pressure officials to significantly cut interest rates. Trump has repeatedly attacked Fed Chair Jerome Powell , who has resisted the president’s demands to resign.
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