Stream San Diego News for free, 24/7, wherever you are with NBC 7. The Supreme Court Court ruled that President Donald Trump can fire leaders of independent agencies, but carved out an exception for the Federal Reserve in a separate decision allowing Fed governor Lisa Cook to stay in her job. Cook also referred to it as a second home in federal filings during her confirmation process to become a Fed governor. “These allegations are as baseless now as they were a year ago when President Trump tried to remove Governor Cook and interfere with the independence of the Federal Reserve,” Lowell said in a statement. “No matter what President Trump tries to do next, this much is clear under the facts and Supreme Court precedent — there is no valid cause for removing Governor Cook.