The Supreme Court indicated on October 1 that it would hear oral arguments for Federal Reserve Board of Governors member Lisa Cook’s challenge to President Trump’s effort to remove her.
The case is scheduled to be heard in January 2026. “The application for stay presented to The Chief Justice and by him referred to the Court is deferred pending oral argument in January 2026,” an order reads. “The Clerk is directed to establish a briefing schedule for amici curiae and any supplemental briefs responding to amici.”
In September, the Justice Department filed a petition with the Supreme Court to permit Trump’s effort to fire Cook.
“That the Federal Reserve Board plays a uniquely important role in the American economy only heightens the government’s and the public’s interest in ensuring that an ethically compromised member does not continue wielding its vast powers,” the Trump administration’s filing statec. “Put simply, the President may reasonably determine that interest rates paid by the American people should not be set by a Governor who appears to have lied about facts material to the interest rates she secured for herself and refuses to explain the apparent misrepresentations.”
Solicitor General John Sauer argued in the filing that the president’s decision to remove Cook is “not subject to judicial review.”
Cook’s lawyers told the Supreme Court that accepting the Trump administration’s argument would “eviscerate the Federal Reserve’s longstanding independence, upend financial markets, and create a blueprint for future presidents to direct monetary policy based on their political agendas and election calendars.”
