
The U.S. Supreme Court refused to allow President Donald Trump to fire Federal Reserve Governor Lisa Cook immediately.
On Aug. 25, Trump said he fired Cook, alleging that she committed mortgage fraud. Under the Federal Reserve Act, the president can only fire members "for cause." Congress designed the law to prevent presidents from "stacking the deck" at the Federal Reserve.
U.S. District Court Judge Jia Cobb ruled on Sept. 9 that Cook could remain in her position while a legal challenge against her firing moved forward. The U.S. Court of Appeals for the District of Columbia Circuit later rejected Trump's request to overturn Cobb's order.
U.S. Solicitor General D. John Sauer asked the U.S. Supreme Court in a filing on Sept. 18.
But on Tuesday, Chief Justice John Roberts deferred Sauer's application and ordered oral arguments for January 2026.
NEW: The Supreme Court *refuses* to let Trump fire the Fed's Lisa Cook—for now. Instead, the court agrees to hear the case in January. Cook may continue to serve in the meantime.
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— Mark Joseph Stern (@mjsdc.bsky.social) October 1, 2025 at 10:48 AM