President Donald Trump’s June 2026 attempt to remove Federal Reserve Governor Lisa Cook over disputed pre-appointment mortgage allegations was blocked by a 5-4 Supreme Court ruling that preserved for-cause protections and required procedural safeguards before any dismissal. The decision returned the case to lower courts without resolving the underlying merits, prompting Trump to state he would pursue “appropriate action immediately.” Cook, whose term runs through 2038, has denied wrongdoing and remains on the board while litigation continues. No subsequent removal effort has been confirmed as of September 2026. Trader focus centers on whether new procedural steps or additional evidence could enable another attempt before scheduled events like potential Senate hearings or further judicial rulings alter the timeline.