Lisa Cook keeps her seat. For now. And the reasoning behind this ruling matters. The Supreme Court ruled 5 to 4 that Trump cannot fire Federal Reserve Board member Lisa Cook, the first Black woman to ever serve in that role, while his case against her plays out in court. Trump attempted to fire Cook in 2025 using accusations of mortgage fraud. Cook has denied the claims and called the move "an attempt to remove me on a manufactured pretext because I refused to bow to political pressure and continued to set interest rates based only on what would best serve the American people." But this is not a clean win for independent oversight. In a separate ruling issued the same day, the court upheld Trump's firing of an FTC commissioner, overturning a 1935 precedent that had protected independent agency officials from presidential removal for nearly a century. Together, these rulings tell us something important. The court is granting Trump significantly more power over federal agencies, wi...