local
Supreme Court says Fed’s Cook can keep her job for now, but it upholds other Trump firings
By ABC at KSTP 5 Eyewitness News (ABC)
· June 29, 2026
· 6 min read
WASHINGTON (AP) — The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump’s firings of the heads of independent federal agencies with one important exception: the Federal Reserve.
The justices allowed Fed governor Lisa Cook to stay in her job while s...
Key takeaway The justices allowed Fed governor Lisa Cook to stay in her job while she fights the Republican president’s effort to fire her over allegations of mortgage fraud, which she has denied.
Why this matters in The Minneapolis
The Supreme Court's decision to uphold President Trump's firings of independent federal agency heads, with the exception of Federal Reserve governor Lisa Cook, has significant implications for Minneapolis residents. As the city navigates its own economic development and job market, the Federal Reserve's role in setting interest rates will continue to be crucial. The fact that Cook can stay in her job for now provides some stability in this area. However, the broader ruling gives the president more power to shape the direction of agencies that regulate industries with a presence in Minneapolis, such as labor relations and consumer product safety. This could have a ripple effect on local businesses and workers, making it important for Minneapolis leaders to monitor how these changes play out and adapt accordingly to support the city's economic growth and community needs.
About this story
Original reporting by KSTP 5 Eyewitness News (ABC) . The Minneapolis 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 KSTP 5 Eyewitness News (ABC) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 29, 2026 ·
Source: KSTP 5 Eyewitness News (ABC) ·
Reading time: 6 min
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Frequently asked about this story
What is this story about? WASHINGTON (AP) — The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump’s firings of the heads of independent federal agencies with one important exception: the Federal Reserve.
The justices allowed Fed governor Lisa Cook to stay in her job while s...
When was this published? This article was first published on June 29, 2026 by KSTP 5 Eyewitness News (ABC) and curated for The Minneapolis readers.
Who reported this story? This story was reported by ABC at KSTP 5 Eyewitness News (ABC). To learn more about how The Minneapolis selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Minneapolis, or browse our daily briefing and topic hubs .
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