FILE - The US Supreme Court has ruled that President Donald Trump cannot now fire Federal Reserve Board Governor Lisa Cook. A lower court is still considering whether he has cause to do so. WASHINGTON, DC - JANUARY 21: Federal Reserve Governor Lisa Cook leaves the U.S. Supreme Court on January 21, 2026 in Washington, DC. The Supreme Court is hearing oral arguments in Trump v. Cook. This landmark case centers on President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook, testing the legal boundaries of presidential power and the independence of the central bank. (Photo by Kevin Dietsch/Getty Images)