Possible scenario
White House Escalates
28% Chance
The administration may use the hearing to build a formal record and then renew its attempt to remove Cook for cause. This would heighten the institutional clash without necessarily resolving whether the president can remove a Fed governor over pre-appointment mortgage allegations.
Initial impacts
- Riskier companies' borrowing costs Up
- Market volatility Up
- 10-year Treasury yield Up
- US dollar Down
Secondary impacts
- Technology -0.9%
- Finance -0.7%
Portfolio impact
S&P 500-0.7%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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