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Fed's Cook acknowledges attempt to remove her, declines comment amid legal action

BY Reuters | ECONOMIC | 11/03/25 02:30 PM EST

Nov 3 (Reuters) - Federal Reserve Governor Lisa Cook on Monday said "it is the honor of my life" to work at the central bank amid attempts by the Trump administration to fire her.

Cook's comments came after a speech on the economy, and she said of the legal attempt to remove her that "because the case is ongoing, it would be inappropriate for me to comment further today." She added in an appearance at the Brookings Institution "I am beyond grateful" for the support she has gotten.

The case to remove Cook is now before the Supreme Court. (Reporting by Michael S. Derby; Editing by Chris Reese)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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