Fed's Cook is now speaking and says:
- Not all market volatility is problematic
- One major vulnerability is maturity mismatch in hedge fund treasury securities trading strategies..
Lisa Cook is a Governor and has a permanent vote. Trump looked to have her removed from the Fed Board due to purported lies on mortgage applications. The Supreme Court of the United States allowed her to remain in her role for now, declining the administration’s request to expedite removal. Oral arguments are scheduled for January 2026.
