The Supreme Court blocked Trump's bid to remove Fed Governor Lisa Cook, leaving him without a Fed Board majority as rate-cut pressure continues.

The Supreme Court blocked Trump's bid to remove Fed Governor Lisa Cook, leaving him without a Fed Board majority as rate-cut pressure continues.

June 29 (UPI) -- The U.S. Supreme Court ruled Monday that Congress' restriction of the president from firing independent agency employees without cause violates the separation of powers.

Justices say president must give Cook notice and hearing before removal. | Economy