The U.S. Supreme Court has blocked President Donald Trump’s attempt to remove Federal Reserve Governor Lisa Cook in a 5-4 ruling, marking the first time a sitting president has failed to oust a Fed governor.
The U.S. Supreme Court has handed Donald Trump a stinging defeat. In a 5-4 ruling on Monday, the court blocked the president’s attempt to remove Federal Reserve Governor Lisa Cook, finding that the White House failed to provide her with the required legal due process before seeking her removal.
Chief Justice John Roberts, joined by Justice Brett Kavanaugh and the court’s three liberal justices, sided with Cook, a Biden appointee while four conservative justices dissented.
Reuters reports the ruling is historic, marking the first time a U.S. president has unsuccessfully attempted to remove a sitting Federal Reserve governor. The case now returns to a lower court for further proceedings.
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