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 KSAT 12 (ABC affiliate) — San Antonio
· 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 Terrell Hills 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 San Antonio area. As a major city within the San Antonio metropolitan area, Terrell Hills residents may be affected by the ruling's impact on agencies such as the Consumer Product Safety Commission and the National Labor Relations Board. The expanded presidential power could lead to changes in regulations and policies that influence local businesses and industries, particularly those related to consumer products and labor relations. Additionally, the ruling may also affect the local economy, as the Federal Reserve's role in setting interest rates remains a crucial factor in shaping economic conditions. Terrell Hills residents should be aware of how these changes may impact their daily lives and the local economy, and monitor how the city government and local businesses respond to the new landscape of presidential power.
About this story
Original reporting by KSAT 12 (ABC affiliate) — San Antonio . Terrell Hills 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 KSAT 12 (ABC affiliate) — San Antonio . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 29, 2026 ·
Source: KSAT 12 (ABC affiliate) — San Antonio ·
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 KSAT 12 (ABC affiliate) — San Antonio and curated for Terrell Hills News readers.
Who reported this story? This story was reported by Mark Sherman, Associated Press at KSAT 12 (ABC affiliate) — San Antonio. To learn more about how Terrell Hills News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Terrell Hills News, or browse our daily briefing and topic hubs .
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