The Stock Market Was Right to Not Care About Lisa Cook

“Congress had decided that this particular agency, because of the sensitive information and policy determinations that it has to make, needs to not have the pressure of having all of its governors be fireable at the whim of the president.” — Justice Ketanji Brown Jackson, 2026.

Chart of the Day Good morning! While all of us were uber focused on Greenland this week, important news pertaining to Federal Reserve independence took a backseat, which was on brand.  Last Au...

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