safety
Supreme Court halts Trump's firing of Fed's Lisa Cook
By Zach Schonfeld and The Hill at KTSM 9 News (NBC)
· June 29, 2026
· 1 min read
The Supreme Court blocked President Trump’s firing of Federal Reserve board member Lisa Cook on Monday in a 5-4 vote, ruling she can remain on the job as her legal challenge moves forward. Trump became the first president to attempt to fire a Fed board member in its 112-year history when he sac...
Key takeaway Trump became the first president to attempt to fire a Fed board member in its 112-year history when he sacked Cook last year over accusations of mortgage [...
Why this matters in The El Paso
The Supreme Court's decision to block President Trump's firing of Federal Reserve board member Lisa Cook has significant implications for the stability of the US financial system, which in turn affects El Paso 's local economy. As a border city, El Paso's economy is closely tied to national and international trade, making it vulnerable to fluctuations in the financial market. The Federal Reserve plays a crucial role in regulating the economy, and the removal of a board member could have far-reaching consequences. The fact that Trump's attempt to fire Cook was unprecedented in the Fed's 112-year history underscores the potential for disruption. El Paso residents and business owners should pay close attention to the outcome of Cook's legal challenge, as it may impact the city's economic growth and development. The city's financial institutions and investors will likely be watching the situation closely, given the potential ripple effects on the local economy.
About this story
Original reporting by KTSM 9 News (NBC) . The El Paso surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KTSM 9 News (NBC) . Have a tip or correction? Contact our newsroom .
Category: safety ·
Published: June 29, 2026 ·
Source: KTSM 9 News (NBC) ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? The Supreme Court blocked President Trump’s firing of Federal Reserve board member Lisa Cook on Monday in a 5-4 vote, ruling she can remain on the job as her legal challenge moves forward. Trump became the first president to attempt to fire a Fed board member in its 112-year history when he sac...
When was this published? This article was first published on June 29, 2026 by KTSM 9 News (NBC) and curated for The El Paso readers.
Who reported this story? This story was reported by Zach Schonfeld and The Hill at KTSM 9 News (NBC). To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more safety coverage from The El Paso, or browse our daily briefing and topic hubs .
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