The Fed’s Follies: A Comedy of Errors and Bankrupt Dessert

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“In the grand theatre of economics, one does not simply leave the stage,” quipped Lisa Cook, the central bank’s star player who refused to bow out after her dismissal. Much like a stubborn willow, the Fed governor clung to her papers, penning a lawsuit that promised to waltz all the way to the Supreme Court.

“I shall not retire, my dear constituents!” cried the undeterred Lisa Cook in a statement made public on a Tuesday, barely a day after President Donald Trump heralded her exit through a missive on Truth Social for alleged culinary… or was it mortgage mischief?

Thus did Cook take her stand, filing papers against the president, Fed Chairman Jerome Powell, and the solemn Federal Reserve Board. A rather peculiar trio of defendants, as if Powell and the board were mere understudies in this legal drama, and one anticipated the grand finale before the highest court’s judges.

(A presidential letter via Truth Social departs with Ms. Cook / A play on platforms, courtesy of Mr. Trump)

Originally, the scandalous accusations of fiscal forgery were levied by Bill Pulte-could he be confused with Miss Puntilla from our friend Chekhov’s novel? The hapless allegations, courtesy of the Federal Housing Finance Agency’s overseer, provided the president his cue last week, opting for Cook’s resignation.

Alas, by Monday eve, a letter of severance came. Indeed, the plot thickened, as the learned professor from Michigan State University deemed Trump’s actions illegitimate and levied her own reaction through legal channels.

“This dismissal in ‘for cause’ fashion is more fiction than fact!” declared Cook. Indeed, ‘for cause!’, a term as murky as the Moscow River, which the lawsuit interpreted as some variety of farcical misdeeds-but alas, not a trace in the case.

In another scene of this ever-expanding farce, Powell and his council disputed lowering rates, as the president showered them with unwelcome backstage critiques. When insolence faltered, Trump brandished accusations of excessive renovations and extravagant excesses at the revered Fed conclave.

Yet here was Powell, his nemesis and stubborn groundlings disturbing the spectacle, refusing to sway to the whimsical tunes desired by the president’s ensemble. Only Adriana Kugler took an unanticipated bow. Fed thus filled by Stephen Miran, Trump’s noted confidante, confirming rumors of more heroines and heroes in this most remarkable tale of banking.

A letter soon followed, accusing Cook of financial lunacy. A new cast member was nominated posthaste. Now, should Cook’s dismissal unfurl, expect another loyalist on the Fed stage, tilting the scales ever so cheerfully to Trump’s reproductive fantasies.

“Never has the tale played out thus, history’s pen quivered, as Cook’s legal prose sought not just victory, but an account of legality’s narrative,” foreshadowed the law suit, a testament to the indomitable spirit and uncredited Shaw’s adaptations we rarely rehearse.

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2025-08-29 05:58