Equitable Growth responds to Supreme Court ruling in Trump v. Cook
FOR IMMEDIATE RELEASE
June 29, 2026
CONTACT: Madison Moore, mmoore@equitablegrowth.org
Today, the Supreme Court of the United States upheld a lower court’s order preventing President Donald Trump from removing Federal Reserve Board Governor Lisa Cook without due process, reaffirming longstanding protections for the central bank’s independence. This 5-4 decision comes 10 months after President Trump’s unprecedented and politically motivated attempt to become the first president since the Fed’s creation in 1913 to oust a sitting governor—a move that would have directly undermined the Federal Reserve’s insulation from political pressure.
“I am pleased to see that the Supreme Court’s decision in Trump v. Cook maintained the Federal Reserve’s independence,” said Washington Center for Equitable Growth President and CEO Shayna Strom. “It is absolutely critical that the central bank remains independent from outside pressures to ensure a stable U.S. economy that promotes shared prosperity and growth.”
In 2025, former Federal Reserve Vice Chair Alan Blinder, who also serves on Equitable Growth’s Steering Committee, detailed how threats to the central bank’s independence could have wide-ranging negative effects on the U.S. economy, citing historical evidence from the 1970s and 1980s.
“If Congress and/or the courts do not stop the president from eviscerating the Fed’s independence, it stands to put the U.S. economy at risk of a 21st century version of the 1970s and ‘80s, with high inflation, high unemployment, and stagnant economic growth—a true recipe for economic disaster,” Blinder wrote.
Before joining the Federal Reserve, Cook served on Equitable Growth’s Steering Committee and was instrumental in shaping the organization’s grantmaking strategy, as well as strengthening its impact. As a Federal Reserve governor, she has championed policies that harness the full potential of the workforce to spur economic growth and maintain the United States’ position as a global leader in innovation.
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The Washington Center for Equitable Growth is a nonprofit research and grantmaking organization dedicated to advancing evidence-backed ideas and policies that promote strong, stable, and broad-based economic growth. For more information, see www.equitablegrowth.org and follow us on X @equitablegrowth and Bluesky @equitablegrowth.bsky.social.
