Trump v. Cook (For Cause Removal (Federal Reserve))
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Trump v. Cook (For Cause Removal (Federal Reserve))
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In Trump v. Cook, the Supreme Court denied the Government's application to stay an injunction reinstating Federal Reserve Governor Lisa Cook, whom President Trump had fired over alleged mortgage fraud predating her appointment. The Court held that the Federal Reserve Act's "for cause" removal standard is judicially reviewable, that "cause" requires a substantial showing reflecting the Fed's unique independence, and—resolving the case on this narrow ground—that the President failed to give Cook the notice and opportunity to respond that the statute requires before removal. The Court also held that equity permits courts to reinstate an officer during litigation over a disputed removal. Chief Justice Roberts wrote for the Court, joined by Justices Sotomayor, Kagan, Kavanaugh, and Jackson, with Kavanaugh and Jackson concurring separately and Thomas, Alito (joined by Gorsuch), and Barrett each dissenting.
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