President Trump’s August 2026 renewal of removal proceedings against Fed Governor Lisa Cook—citing 2021 mortgage allegations and providing a 21-day response window ending August 26—remains the dominant driver of trader sentiment on her departure timeline. The June 2026 Supreme Court 5-4 ruling in Trump v. Cook upheld the Federal Reserve Act’s “for cause” standard and due-process requirements, blocking the prior firing while allowing further process and preserving Cook’s 14-year term through 2038. This framework, combined with Cook’s continued FOMC participation and August 5 economic speech, keeps near-term exit odds low as markets price in protracted litigation and institutional resistance to politicizing monetary policy. Key upcoming catalysts include the White House’s response to any rebuttal and potential district-court developments, which could shift implied probabilities around year-end or 2027 milestones.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedSeptember 30
1%
October 31
2%
November 30
7%
December 31
8%
$5,007 Vol.
September 30
1%
October 31
2%
November 30
7%
December 31
8%
Lisa Cook must formally cease to hold the specified position in accordance with the laws, rules, or procedures applicable to that position. Announcements of a future departure do not qualify. The means of departure do not impact settlement; resignation, removal, dismissal, or other means all qualify.
Temporary leaves of absence, dated suspensions, indefinite suspensions, administrative leaves, or other temporary changes to the specified person’s duties in the specified position do not qualify.
The resolution source for this market will be information from the Federal Reserve Board of Governors, however a consensus of credible reporting will also suffice.
Market Opened: Aug 7, 2026, 5:51 PM ET
Resolver
0x65070BE91...Lisa Cook must formally cease to hold the specified position in accordance with the laws, rules, or procedures applicable to that position. Announcements of a future departure do not qualify. The means of departure do not impact settlement; resignation, removal, dismissal, or other means all qualify.
Temporary leaves of absence, dated suspensions, indefinite suspensions, administrative leaves, or other temporary changes to the specified person’s duties in the specified position do not qualify.
The resolution source for this market will be information from the Federal Reserve Board of Governors, however a consensus of credible reporting will also suffice.
Resolver
0x65070BE91...President Trump’s August 2026 renewal of removal proceedings against Fed Governor Lisa Cook—citing 2021 mortgage allegations and providing a 21-day response window ending August 26—remains the dominant driver of trader sentiment on her departure timeline. The June 2026 Supreme Court 5-4 ruling in Trump v. Cook upheld the Federal Reserve Act’s “for cause” standard and due-process requirements, blocking the prior firing while allowing further process and preserving Cook’s 14-year term through 2038. This framework, combined with Cook’s continued FOMC participation and August 5 economic speech, keeps near-term exit odds low as markets price in protracted litigation and institutional resistance to politicizing monetary policy. Key upcoming catalysts include the White House’s response to any rebuttal and potential district-court developments, which could shift implied probabilities around year-end or 2027 milestones.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated



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