Key Takeaways From Supreme Court Hearing on Trump’s Fed Firing

The justices weighed how their decision would affect the economy and the Federal Reserve’s independence.

The U.S. Supreme Court on Jan. 12, 2026. Madalina Kilroy/The Epoch Times

The Supreme Court seemed poised on Jan. 21 to allow Federal Reserve board member Lisa Cook to remain in office despite the president’s attempt to fire her.

President Donald Trump alleged that Cook engaged in mortgage fraud that disqualified her from having so much control over monetary policy. After a lower court blocked his attempt to fire Cook, Trump filed an appeal that eventually made its way to the Supreme Court.