Image: Chief Justice John Roberts at President Donald Trump’s 2026 State of the Union address Francis Chung/POLITICO via AP

Pema Levy of Mother Jones reports: “The Supreme Court on Monday ruled against President Donald Trump’s attempt to remove Lisa Cook from the Federal Reserve Board of Governors, dealing a setback to Trump’s campaign to take control of monetary policy. The court’s 5-4 decision preserves Cook’s job as she continues to fight her removal, but it is not the final word on Trump’s bid to fire her. The narrow decision almost guarantees that this same dispute will return to the high court soon.

The majority opinion by Chief Justice John Roberts expresses explicit support for Fed independence. As an independent bank regulator, the Fed is run by a board of presidentially appointed governors who serve 14 year terms and are only removable for cause. The Trump administration argued that it had cause and that the Supreme Court could not review its removal decision. But the majority found the government’s arguments at odds with an independent Fed…”

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