Big Take Podcast
Why the Trump v. Cook Outcome Will Matter for Fed Independence
On today’s Big Take podcast: The Supreme Court seems wary of Trump’s bid to fire Fed Governor Lisa Cook. Where might the justices land?
Lisa Cook, governor of the US Federal Reserve, outside the US Supreme Court in Washington, DC, US, on Wednesday, Jan. 21, 2026.
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Across the ideological spectrum, Supreme Court justices appeared wary of President Trump’s attempts to fire Federal Reserve Board Governor Lisa Cook in a hearing on Wednesday. Their ruling, which is set to come by July, could set a crucial precedent for the executive branch’s influence over the central bank.