POLITICSJun 29 · 14:20 UTCCOURTHOUSE NEWSKelsey Reichmann

Supreme Court sinks Trump’s attempt to take over Fed board

The Supreme Court ruled against President Donald Trump's attempt to remove Federal Reserve Board Governor Lisa Cook, upholding the independence of the Federal Reserve as protected by the 1913 Federal Reserve Act and 1935 Banking Act. Trump claimed mortgage fraud to justify Cook’s termination, but lower courts and the Supreme Court blocked the removal, emphasizing the Fed’s role as an autonomous entity.

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Supreme CourtorganizationDonald TrumppersonLisa CookpersonFederal Reserve BoardorganizationFederal Reserve Acttopic1935 Banking ActtopicJoe BidenpersonBarack Obamaperson

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