Supreme Court Blocks Trump’s Attempt to Remove Federal Reserve Governor Lisa Cook
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Now 14 · Jun 29, 2026
What happened
The U.S. Supreme Court blocked former President Donald Trump's attempt to remove Federal Reserve governor Lisa Cook, ruling he failed to provide her a fair hearing. This decision upholds the Fed's independence amid Trump's efforts to pressure the central bank to cut interest rates. Despite Trump's campaign, Fed officials signal no imminent rate cuts due to persistent inflation and geopolitical challenges.
- 01Supreme Court blocks Trump’s attempt to remove Fed governor Lisa Cook over procedural fairness.
- 02Cook’s removal was sought over unproven mortgage fraud allegations, which she denies.
- 03Ruling protects Fed’s independence to set rates based on economic data, not political pressure.
- 04Trump’s Fed appointees have not delivered desired rate cuts; Powell remains on board until 2028.
- 05Inflation remains high due to geopolitical tensions, limiting Fed’s ability to cut rates soon.
- 06Fed officials warn rate hikes may still be needed if inflation does not improve.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
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