Supreme Court blocks Trump's attempt to fire Federal Reserve governor Lisa Cook

The US Supreme Court has blocked former President Donald Trump's attempt to remove Federal Reserve Governor Lisa Cook, a decision widely seen as affirming the central bank's independence. In a 5-4 ruling, the nation's highest court determined that the Trump administration had not afforded Governor Cook sufficient "due process" to contest her dismissal. The justices' decision underscores the legal protections surrounding the tenure of Federal Reserve governors, reinforcing the institution's insulation from direct political interference. The case has been returned to lower courts for additional consideration.

Sources: BBC News