Supreme Court halts Trump’s firing of Fed’s Lisa Cook

In a significant 5-4 ruling, the Supreme Court temporarily halted President Trump's attempt to fire Federal Reserve board member Lisa Cook, marking a historic first where a president tried to dismiss a Fed board member. This decision allows Cook to stay on her position while her legal challenge proceeds. The implications of this ruling could set a precedent for future presidential attempts to influence Fed members, highlighting the delicate balance between executive power and independent central bank authority.