Supreme Court Lets Trump Fire Federal Trade Commissioner, Carves Out Federal Reserve Exception

WASHINGTON, June 29, 2026 (AP) — The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump’s firings of the heads of independent federal agencies with one important exception: The Federal Reserve.

The justices allowed Fed governor Lisa Cook to stay in her job while she fights the Republican president’s effort to fire her over allegations of mortgage fraud, which she has denied.

Learn about America250 / Telecom150

                        Learn about America250 / Telecom150
                    

This post is for subscribers only

Become a member to get access to all content

Subscribe now