Overview

• Every living former Fed chair and several former Treasury secretaries filed an amicus brief urging the Court to deny the government’s request to remove Cook during ongoing litigation.
• The brief warns that sidelining a sitting governor would politicize monetary policy, weaken public confidence, and risk higher inflation and poorer long‑term economic performance.
• Cook’s filing on Thursday asks the Court to keep her in place, arguing the attempt to oust her would upend financial markets and strip the central bank of its traditional independence.
• Two courts have restored Cook to her post, with a district judge finding the alleged pre‑appointment conduct likely not “for cause” and the D.C. Circuit emphasizing a lack of due process.
• Trump’s move rests on mortgage‑fraud allegations advanced by FHFA Director Bill Pulte, which Cook denies as investigators continue their inquiry with no criminal charges filed.