US Supreme Court says Fed's Cook can keep her job for now, but it upholds other Trump firings
- Posted on June 30, 2026
- By Business News Today
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- 1 min read
US Supreme Court says Fed's Cook can keep her job for now, but it upholds other Trump firings
The Supreme Court has significantly broadened presidential authority, allowing presidents to dismiss heads of independent federal agencies at will, overturning a long-standing precedent. However, the Federal Reserve remains an exception, with a governor allowed to remain in her post while contesting her dismissal. This ruling grants presidents greater control over regulatory bodies, sparking concerns about political influence and potential instability.
