“a strictly procedural basis”
The Supreme Court issued a 5‑4 ruling that President Donald Trump’s attempt to dismiss Federal Reserve Governor Lisa Cook was invalid because he failed to provide the procedural safeguards required before removal, though the decision did not resolve whether he may ultimately fire her. The majority, authored by Chief Justice John Roberts, said Cook was entitled to notice of the accusations, an opportunity to answer, and a timetable for that response. Trump had moved to oust Cook in August, alleging she misrepresented a residence to obtain favorable mortgage terms, claims she denied and that banking records later appeared to contradict. Cook, a Biden‑appointed Black woman on the Fed board, said the effort was politically motivated. Trump responded on his social platform, characterizing the judgment as merely procedural and indicating he will keep pursuing the case.
- binnews.com ↗︎30 JUN 2026