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June 17, 2026
Supreme Court to Decide on Trump's Authority to Fire Federal Reserve Governor Lisa Cook Amid Legal Challenges
- Federal Reserve Governor Lisa Cook incurred over $1.3 million in legal and security costs after Trump's attempt to fire her, with reimbursements from two non-profit organizations.
- The Supreme Court case will determine the legality of Trump's firing of Cook and its implications for the Federal Reserve's independence from political influence.
- Cook, appointed by President Biden in 2022, is contesting her firing, which was based on allegations of mortgage fraud that she denies.
6 Sources
- Trump faces Supreme Court showdown as major rulings loomJun 17, 2026 at 9:00 AM · NBC
- The Supreme Court’s major cases during the 2025-26 termJun 17, 2026 at 7:48 PM · Washington Post
- Trump’s firing power faces twin Supreme Court tests, but one agency may get special treatmentJun 18, 2026 at 10:00 AM · Fox News
- Trump bid to fire Fed's Lisa Cook cost her more than $1M in legal, security costs: FilingJun 18, 2026 at 1:51 PM · CNBC
- Fed governor Lisa Cook faced $1.3m in legal and security fees after Trump’s bid to fire herJun 18, 2026 at 3:43 PM · The Guardian
- Fed’s Cook Received More Than $1 Million in Legal Aid During Trump ClashJun 18, 2026 at 9:51 PM · WSJ