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Some Justices Suggest Firing Fed's Cook Could Rattle Markets

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January 21, 2026

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US Supreme Court justices suggested they are wary of President Donald Trump’s effort to fire Federal Reserve Governor Lisa Cook over unproven mortgage-fraud allegations, saying the move could upend the Fed’s independence and rattle markets. Bloomberg's Tyler Kendall reports from the Supreme Court.

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Some Justices Suggest Firing Fed's Cook Could Rattle Markets · Bloomberg Television · Sentinel