Trump Vows New Push to Fire Lisa Cook From Fed

The Supreme Court saved Lisa Cook's post at the Federal Reserve on Monday. President Trump suggested it won't be for long. After the court blocked Trump's bid to remove Cook as a Fed governor, the president fired back on Truth Social, reports the New York Times. He downplayed the ruling as "procedural" and wrote that he would "take appropriate action immediately to make sure that someone who has committed wrongdoing will not be making vital decisions concerning the Welfare of the United States of America!"

Trump fired Cook last year and accused her of fudging her financial picture to obtain a favorable mortgage. She sued, arguing that Trump misrepresented things as part of a political ploy to put Fed governors in place who would do his bidding. A lower court let her stay in the job while the case proceeds, and the administration appealed. In Monday's decision, Chief Justice John Roberts, writing for the majority, said Trump had failed to give Cook a proper chance to respond to the accusations, reports ABC News.

The narrow opinion left the larger question unresolved: Under what conditions a president can remove a Fed governor. That, Roberts said, will "depend in part on the underlying facts," which courts have yet to fully examine. Cook is a Democratic appointee who has 10 years left on her 14-year term.