Supreme Court blocks Trump firing of Fed Governor Cook
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Supreme Court Blocks Trump's Federal Reserve Chair Removal
The Supreme Court ruled that Trump cannot remove the Federal Reserve chair, preserving the Fed's independence but allowing removals at other agencies. This decision protects monetary policy autonomy and reduces uncertainty around future Fed leadership changes, supporting USD stability and reducing volatility for major currency pairs exposed to Fed policy risk.
https://x.com/financialjuice/status/2071603475302007050Supreme Court limits Trump's power to fire Fed governors
The US Supreme Court ruled that President Trump lacks constitutional authority to fire Federal Reserve governors without cause, constraining executive power over the central bank. This landmark decision reinforces Fed independence and reduces presidential influence over monetary policy, supporting USD stability and reducing near-term political risk to rate decisions.
https://www.theguardian.com/us-news/2026/jun/29/supreme-court-trump-lisa-cook-rulingReplies
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