safety
Supreme Court blocks Trump’s removal of Fed Gov. Lisa Cook
By Scripps News Group at KXXV (ABC 25) News
· June 29, 2026
· 1 min read
The Supreme Court on Monday ruled against President Donald Trump in his effort to remove Federal Reserve Gov. Lisa Cook, leaving her on the central banks board while her lawsuit continues.Trump fired Cook in August 2025 over allegations that she committed mortgage fraud. Cook has denied the alleg...
Key takeaway Trump fired Cook in August 2025 over allegations that she committed mortgage fraud.
Why this matters in The Waco
The Supreme Court's ruling on Federal Reserve Gov. Lisa Cook's removal has implications for the local economy in Waco . As a city with a growing business sector, the stability of the Federal Reserve is crucial for maintaining a favorable economic environment. The attempted removal of Cook, and the subsequent lawsuit, raised concerns about the potential for political interference in the central bank's decision-making process. With Cook remaining on the board, the Federal Reserve's independence is preserved, which is essential for making decisions that benefit the economy as a whole, rather than serving political interests. This is particularly important for Waco, where local businesses and residents rely on a stable economic climate to thrive. The ruling also contrasts with the Supreme Court's decision on the Federal Trade Commission, which granted the president more power to remove commissioners without cause, highlighting the complexities of the relationship between the executive branch and independent agencies.
About this story
Original reporting by KXXV (ABC 25) News . The Waco surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KXXV (ABC 25) News . Have a tip or correction? Contact our newsroom .
Category: safety ·
Published: June 29, 2026 ·
Source: KXXV (ABC 25) News ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? The Supreme Court on Monday ruled against President Donald Trump in his effort to remove Federal Reserve Gov. Lisa Cook, leaving her on the central banks board while her lawsuit continues.Trump fired Cook in August 2025 over allegations that she committed mortgage fraud. Cook has denied the alleg...
When was this published? This article was first published on June 29, 2026 by KXXV (ABC 25) News and curated for The Waco readers.
Who reported this story? This story was reported by Scripps News Group at KXXV (ABC 25) News. To learn more about how The Waco selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more safety coverage from The Waco, or browse our daily briefing and topic hubs .
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