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US Supreme Court Hesitant on Dismissal of Fed Governor

Published January 21, 2026, 21:06
US Supreme Court Hesitant on Dismissal of Fed Governor

The US Supreme Court appears hesitant regarding the dismissal of Federal Reserve (Fed) Governor Laiza Cook by President Donald Trump. Cook has challenged the dismissal in court, disputing Trump's justification based on allegations of fraud in a mortgage loan. The justices, particularly the conservative ones, have expressed doubts about the legality of the process and the potential consequences for the independence of the Fed. The case is considered critical for the future of the independence of the US central bank. Simultaneously, the Department of Justice is also investigating Fed Chairman Jerome Powell following a complaint by Trump.