Supreme Court Will Decide if Fed Independence Has Any Teeth

It will test whether the court’s conservative majority, which has spent years eroding the independence of regulatory agencies, is willing to make an exception for the institution that controls  interest rates, inflation and the stability of the global financial system

1. Economy

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2. Central Banking

Supreme Court Will Decide if Fed Independence Has Any Legal Teeth

Wednesday’s arguments in the Lisa Cook case come amid a broader Trump campaign to bend the central bank to presidential will

By

Nick Timiraos

and

James Romoser

Jan. 20, 2026 5:30 am ET

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WSJ Correspondent Explains What Led to Fed Chair Powell’s Unusual Trump Callout

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WSJ’s Nick Timiraos explains Jerome Powell’s rare rebuke to President Trump after the Fed chair revealed he was at the center of a federal criminal investigation. Photo: Kyodonews/Zuma Press

The Supreme Court will hear arguments Wednesday over whether President Trump can fire Federal Reserve governor Lisa Cook—a case about far more than one official’s job.

 

Supreme Court Will Decide if Fed Independence Has Any ...

The Wall Street Journal

https://www.wsj.com › Economy › Central Banking

24 hours ago — Supreme Court Will Decide if Fed Independence Has Any Legal Teeth. Wednesday's arguments in the Lisa Cook case come amid a broader Trump campaign to bend the central bank to presidential will.Read more

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