The Supreme Court is likely to hand Trump a rare loss on the Federal Reserve

Federal Reserve governor Lisa Cook and attorney Abbe Lowell leave the Supreme Court on January 21, 2026. | Kevin Dietsch/Getty Images

The Supreme Court’s Republican majority ordinarily believe that President Donald Trump is allowed to fire virtually anyone who works for a federal agency. Last July, for example, they permitted the Trump administration to fire nearly half of the Department of Education’s employees.

In May, however, the Court also signaled that the Federal Reserve is special.