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Former Fed Chiefs Press Supreme Court to Block Trump’s Bid to Oust Lisa Cook

Cook plus a bipartisan roster of former economic leaders tell the justices that immediate removal would damage central‑bank independence, unsettling markets.

Overview

  • Cook filed her Supreme Court response on Thursday opposing the Justice Department’s request to lift lower‑court orders that keep her on the Board while litigation proceeds.
  • Two courts have blocked President Trump’s attempted removal so far, with a district judge finding the pre‑appointment allegations likely not “for cause” and a D.C. Circuit panel citing due‑process concerns.
  • Solicitor General D. John Sauer urged the Court to allow the firing, calling the injunction improper judicial interference with presidential removal authority.
  • Every living former Fed chair—Alan Greenspan, Ben Bernanke and Janet Yellen—joined former Treasury secretaries and other officials in an amicus brief warning that ousting Cook now would erode the Fed’s credibility and risk higher inflation.
  • The removal effort stems from mortgage‑fraud allegations flagged by FHFA Director Bill Pulte that Cook denies, with no charges filed and news reports identifying documents that appear to undercut the claims.