Fed’s Cook Warns Supreme Court of Market ‘Chaos’ If She’s Fired

Federal Reserve Governor Lisa Cook’s attorneys urged the US Supreme Court to let her stay on the job while she fights President Donald Trump’s attempt to fire her, warning that even her temporary removal risks “chaos and disruption” in financial markets.

Granting the Justice Department’s request to allow Trump to immediately oust her “would sound the death knell for the central-bank independence that has helped make the United States’ economy the strongest in the world,” her lawyers wrote in a brief filed Thursday.