Central Bank Independence Upheld: Trump’s Cook Dismissal Rejected.

Central Bank Independence Upheld: Trump’s Cook Dismissal Rejected.

In the USA

The news as it trends.

In a powerful affirmation of judicial independence, a federal judge has blocked President Trump’s attempt to fire Federal Reserve Governor Lisa Cook.

The court ruled that Cook’s removal lacked legal justification, citing the Fed’s unique status as a quasi-independent institution insulated from political interference.

Trump had claimed “cause” based on disputed mortgage allegations, but the judge found no grounds for termination under the law.

Cook, the first Black woman to serve on the Fed board, will continue her 14-year term while litigation proceeds.

This decision has now opened a new dialogue on the importance of due process and the rule of law even at the highest levels of government.

The case now heads toward a likely Supreme Court showdown, with implications for the future of central bank independence.