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Supreme Court says Fed’s Cook can keep her job for now, but it upholds other Trump firings
By Mark Sherman, Associated Press at KPRC 2 Houston / Click2Houston (NBC)
· June 29, 2026
· 6 min read
The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump’s firings of the heads of independent federal agencies with one important exception: the Federal Reserve.The justices allowed Fed governor Lisa Cook to stay in her job while she fights the Repub...
Key takeaway The justices allowed Fed governor Lisa Cook to stay in her job while she fights the Republican president’s effort to fire her over allegations of mortgage fraud, which she has denied.
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About this story
Original reporting by KPRC 2 Houston / Click2Houston (NBC) . Magnolia News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: local ·
Published: June 29, 2026 ·
Source: KPRC 2 Houston / Click2Houston (NBC) ·
Reading time: 6 min
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Frequently asked about this story
What is this story about? The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump’s firings of the heads of independent federal agencies with one important exception: the Federal Reserve.The justices allowed Fed governor Lisa Cook to stay in her job while she fights the Repub...
When was this published? This article was first published on June 29, 2026 by KPRC 2 Houston / Click2Houston (NBC) and curated for Magnolia News readers.
Who reported this story? This story was reported by Mark Sherman, Associated Press at KPRC 2 Houston / Click2Houston (NBC). To learn more about how Magnolia News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Magnolia News, or browse our daily briefing and topic hubs .
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