Overview

• Every living former Fed chair joined former Treasury secretaries and leading economists in an amicus brief urging the Court to deny the administration’s bid to remove Cook now.
• The brief warns that ousting a governor during pending litigation would undermine the central bank’s credibility, weaken policy effectiveness, and risk higher inflation.
• The Supreme Court is weighing an emergency application after two lower courts kept Cook in her seat through an injunction while her challenge proceeds.
• Cook remains a sitting governor and took part in the Sept. 16–17 policy meeting, where she joined a vote to cut a key interest rate by a quarter point.
• The dispute stems from mortgage-misstatement allegations raised by FHFA Director Bill Pulte that Cook denies, with no charges filed and loan documents reported by news outlets that appear to undercut parts of the claim.