safety
Live updates: Supreme Court lets Trump fire agency heads, a dramatic expansion of presidential power
By Associated Press at KSAT 12 (ABC affiliate)
· June 29, 2026
· 15 min read
President Donald Trump has won and lost some as the Supreme Court wraps its final week of a term focused on executive power.The justices said Monday that Trump can fire leaders of independent agencies with one exception, ruling that central banker Lisa Cook can keep her job at the Federal Reserve...
Key takeaway The justices said Monday that Trump can fire leaders of independent agencies with one exception, ruling that central banker Lisa Cook can keep her job at the Federal Reserve for now.
Why this matters in The San Antonio
The Supreme Court's decision to allow Federal Reserve's Lisa Cook to keep her job for now has implications for San Antonio 's economy. As a major city in Texas, San Antonio's economic growth is influenced by the Federal Reserve's monetary policies. With Cook remaining on the Fed board, the city's business community can expect a degree of stability in the central bank's decision-making process. This is particularly important for San Antonio's small businesses and entrepreneurs who rely on stable interest rates and access to capital to operate and grow. The court's ruling may also impact the city's housing market, as Cook has denied claims of mortgage fraud and will continue to play a role in shaping the Fed's policies on mortgage lending. As the city's economy continues to evolve, the Federal Reserve's decisions will remain a key factor in shaping San Antonio's economic landscape.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio 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) . Have a tip or correction? Contact our newsroom .
Category: safety ·
Published: June 29, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 15 min
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Frequently asked about this story
What is this story about? President Donald Trump has won and lost some as the Supreme Court wraps its final week of a term focused on executive power.The justices said Monday that Trump can fire leaders of independent agencies with one exception, ruling that central banker Lisa Cook can keep her job at the Federal Reserve...
When was this published? This article was first published on June 29, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more safety coverage from The San Antonio, or browse our daily briefing and topic hubs .
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