"Appealing the ruling will only delay the confirmation of Kevin Warsh as the next [Fed Chair]." Kevin Warsh is viewed by the market as a traditional, independent hawk. Delaying his confirmation in favor of a potentially dovish acting chair threatens Fed independence. If the market believes the Fed will artificially suppress short-term interest rates to appease the White House, bond vigilantes will demand a significantly higher term premium on the long end of the curve to compensate for future inflation risks. This will drive long-term yields higher and bond prices lower. SHORT TLT to capitalize on a steepening yield curve and the sell-off in long-duration Treasuries driven by inflation fears. A severe macroeconomic shock or recession triggers a massive "flight to safety" bid into long-duration US Treasuries, overriding political concerns.