Supreme Court blocks Trump's attempt to fire Federal Reserve governor Lisa Cook

The US Supreme Court ruled in a 5-4 decision that President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook lacked sufficient "due process" and sent the matter back to lower courts. The court found that the administration failed to provide Cook with adequate opportunity to contest her removal, upholding the Federal Reserve's independence. The ruling also delivered a separate decision weakening the independence of other federal regulators by allowing the president to fire members of independent agencies at will.