Supreme Court halts Trump’s firing of Fed’s Lisa Cook
Summary
The Supreme Court stopped President Trump from firing Federal Reserve board member Lisa Cook. The court’s 5-4 decision lets her keep her job while her legal case continues.Key Facts
- The Supreme Court voted 5-4 to block the firing of Lisa Cook.
- Lisa Cook is a member of the Federal Reserve board.
- President Trump tried to fire Cook last year.
- This was the first time in 112 years a president tried to remove a Federal Reserve board member.
- The court allowed Cook to stay on the job during her legal challenge.
- The firing was connected to accusations related to mortgage issues.
- The legal case about this firing is still ongoing.
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