According to Reuters, on the 29th local time, the U.S. Supreme Court ruled in a 5-to-4 decision, rejecting President Trump's attempt to dismiss Federal Reserve Director Lisa Cook.
Trump previously attempted to remove Cook on the grounds of unproven mortgage fraud, but the U.S. Supreme Court ruled that Cook could remain in her position while she appealed the decision.
Cook is the first black woman to serve as a director of the Federal Reserve. In August 2025, the Trump administration attempted to remove Cook from her position on the grounds of alleged mortgage loan fraud.
Cook responded by saying that the related accusations were merely excuses, and the real reason was the disagreement over monetary policies between the two parties.
According to US media, this case represents a significant test for the independence of the Federal Reserve.
