Image source, Getty Images Published 2 minutes ago The US Supreme Court has blocked President Donald Trump's attempt to fire a governor of the US central bank, in a ruling seen as affirming the Federal Reserve's independence.
In a 5-4 decision, justices from the country's top court said the administration had not provided Federal Reserve Governor Lisa Cook sufficient "due process" for her to contest her removal.
The decision sends the matter back to lower courts, where the administration will have to prove its allegations that Cook has committed mortgage fraud if it wishes to proceed with the firing and where Cook would have a chance to challenge the accusation.
Cook has denied the allegations, which Fed defenders say are a pretext to allow Trump to assert more control over the bank.
