Supreme Court blocks Trump's attempt to fire Federal Reserve governor Lisa Cook
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The US Supreme Court has blocked President Donald Trump's attempt to fire a governor of the US central bank, in a ruling seen as affirming the Federal Reserve's independence.
In a 5-4 decision, justices from the country's top court said the administration had not provided Federal Reserve Governor Lisa Cook sufficient "due process" for her to contest her removal.
The decision sends the matter back to lower courts, where the administration will have to prove its allegations that Cook has committed mortgage fraud if it wishes to proceed with the firing and where Cook would have a chance to challen
Confirmed
The US Supreme Court has blocked President Donald Trump's attempt to fire a governor of the US central bank, in a ruling seen as affirming the Federal Reserve's independence.
Unverified
In a 5-4 decision, justices from the country's top court said the administration had not provided Federal Reserve Governor Lisa Cook sufficient "due process" for her to contest her removal.
The decision sends the matter back to lower courts, where the administration will have to prove its allegations that Cook has committed mortgage fraud if it wishes to proceed with the firing and where Cook would have a chance to challen