Federal Reserve independence secures an important, but not final, victory at US Supreme Court

The court’s narrow opinion backing Fed governor Lisa Cook against Trump referenced the Fed’s vital role in steering the US economy.

By: Elizabeth C. Tippett, University of Oregon, The Conversation

Outlets: The Conversation

Published: June 29, 2026

Words: 1,060

Last Updated: 3 weeks, 2 days ago

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By Elizabeth C. Tippett, University of Oregon

The Federal Reserve, under pressure from President Donald Trump to cut interest rates and bend to his will, just got an important assist from the U.S. Supreme Court.

In Trump v. Cook, the justices took up the case involving Trump’s decision to terminate Lisa Cook, a member of the powerful policymaking Board of Governors of the Federal Reserve. On June 29, 2026, Cook and the …

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