Federal Reserve's policy independence

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Markets won't care if Trump fires Fed Governor Cook, DOJ tells Supreme Court
CNBC· 2025-09-26 20:02
Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022.President Donald Trump's firing of Federal Reserve Governor Lisa Cook for alleged misconduct would not cause "financial market disaster," the Department of Justice argued in a Supreme Court filing Friday.Solicitor General D. John Sauer made that argument as he urged the high court to let Trump's bid to fire Cook take effect while proceedings in her laws ...