Fed’s Cook Warns Supreme Court of Market ‘Chaos’ If She’s Fired

In a high-stakes legal battle, Federal Reserve Governor Lisa Cook's attorneys have appealed to the US Supreme Court to allow her to remain in her position while she challenges President Donald Trump's efforts to remove her from office. The key points are: 1. Cook's attorneys argue that her temporary removal could trigger "chaos and disruption" in financial markets, emphasizing the potential for significant market disruption. 2. The case centers on Trump's attempt to fire Cook, who was appointed to the Fed's Board of Governors by President Biden. 3. The Supreme Court's decision on whether to let Cook stay in her role while the legal dispute is ongoing could have significant implications for the stability and functioning of financial markets. 4. The case highlights the potential for political interference in the independence of the Federal Reserve, a critical institution responsible for monetary policy and financial stability. The article underscores the high-stakes nature of this legal battle and the potential for significant market impacts depending on the Supreme Court's ruling.