Former Fed Chairs Urge Supreme Court To Block Trump From Firing Lisa Cook

Every living former Federal Reserve chair—Janet Yellen, Ben Bernanke, and Alan Greenspan—has joined a coalition of White House economic advisors, Treasury secretaries, and academic economists in urging the Supreme Court to prevent President Donald TRUMP from firing Fed Governor Lisa Cook. The legal battle could determine whether Trump gains unilateral authority to reshape monetary policy by removing central bank officials.

The Fed's independence hinges on this decision. Designed to operate free from political interference, the central bank relies on economic fundamentals rather than electoral cycles when setting interest rates. A ruling in Trump's favor WOULD mark the first presidential dismissal of a Fed governor in U.S. history.

Market stability hangs in the balance. Cryptocurrencies like BTC and ETH often react sharply to shifts in monetary policy expectations. Should Trump succeed in installing dovish leadership, risk assets could see volatility as traders recalibrate for potential rate cuts.