U.S. Court Gives Cook the Green Light for FOMC Vote

A federal judge just threw a curveball. They've blocked attempts to boot Federal Reserve Governor Lisa Cook from her seat. Powell and the Board? They've got to let her stay put. For now, at least.

It's not over yet. The judge didn't settle the big question. Did Cook's alleged mortgage mess-up before her appointment warrant a pink slip? The administration seems to think so. But who knows? This might end up in the Supreme Court's lap.

What's clear? Cook's in for next week's FOMC shindig. She'll have her say. Her vote counts.

Wall Street's on edge. They're eyeing this FOMC meet like hawks. Interest rates are the hot topic. Recent economic shifts and global drama? They'll probably stir the pot.

This whole Cook saga? It's kind of a big deal. It's shining a spotlight on Fed governance. Independence too. The fallout could shake things up at the central bank. Policy-wise, that is.

It's a bit of a mess, really. But that's politics for you. Stay tuned.