local
Supreme Court says Fed’s Cook can keep her job for now, but it upholds other Trump firings
By Mark Sherman, Associated Press at KPRC 2 / Click2Houston (NBC)
· June 29, 2026
· 6 min read
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 she fights the Repub...
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 Tomball News
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 the Houston area. As a major economic hub, Houston is heavily influenced by the actions of the Federal Reserve, which plays a crucial role in setting interest rates. The fact that Cook can remain in her job for now may provide some stability for the local economy, which is closely tied to the energy industry and sensitive to changes in interest rates. Additionally, the court's ruling may have a ripple effect on other federal agencies with a presence in the Houston area, such as the Consumer Product Safety Commission, which has a significant impact on local businesses and consumers. As the city's business community navigates this new landscape, it will be important to watch how the Trump administration exercises its newfound power to shape the regulatory environment.
About this story
Original reporting by KPRC 2 / Click2Houston (NBC) . Tomball News 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 KPRC 2 / Click2Houston (NBC) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 29, 2026 ·
Source: KPRC 2 / Click2Houston (NBC) ·
Reading time: 6 min
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Frequently asked about this story
What is this story about? 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 she fights the Repub...
When was this published? This article was first published on June 29, 2026 by KPRC 2 / Click2Houston (NBC) and curated for Tomball News readers.
Who reported this story? This story was reported by Mark Sherman, Associated Press at KPRC 2 / Click2Houston (NBC). To learn more about how Tomball News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Tomball News, or browse our daily briefing and topic hubs .
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