The dismissal pending an imminent legal battle of Federal Reserve Governor Lisa Cook has called into question the sacrosanct independence of the U.S. central bank from a White House that is all but obsessed with cutting interest rates. The impact on the market has been clear, but limited in magnitude: Cook's future will be decided in the courts, and in any case, it does not alter the balance for the Fed's upcoming decisions. Still, short-term bonds have fallen on expectations of a looser monetary policy,