July 23, 2026
Until Trump, no president had tried to fire a Fed official
The case represents the latest dispute to come to the top US judicial body involving Trump's expansive view of presidential powers
Traders weigh impact of US government shutdown
A judge had temporarily blocked Cook's firing
Cook, in her lawsuit, noted that the court in a May order distinguished the Fed from other government agencies
Trump's bid for more Fed control drags on dollar as 2-year yields slide
She will file a lawsuit to prevent President Donald Trump from firing her, a lawyer for the embattled central bank official says
Trump says he has "cause" to remove Cook, while it could be the first-ever effort to remove a governor facing a court challenge
