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Supreme Court Blocks Trump From Removing Fed Board Member Cook on July 1

2026-07-01 14:43:22

According to Jin10 Data, on July 1, the U.S. Supreme Court blocked President Trump from removing Federal Reserve board member Cook. In response, Fed Chair Walsh affirmed the central bank's independence, stating: "Before the Supreme Court's decision, the Federal Reserve operated independently and fulfilled its statutory responsibilities. After the ruling, we will continue to do so... We trust the federal judges appointed under Article III and believe in the rule of law. We will follow the Supreme Court's decision, and from an operational standpoint, it reaffirms our position: we work diligently to fulfill our duties fairly. We do not need to worry about political interference or judicial intervention, and can focus on the task at hand."

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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