10 h. ago Hundreds of economists sign open letter backing embattled Fed Governor Lisa Cook after Trump attacks

Notable and experienced economists warn elected officials that attacks on the Fed ‘undermine’ public confidence

Events

3 d. ago ‘Racist as hell’: Trump’s cabinet is almost all white, and he keeps firing Black officials

President’s targeting of Fed governor Lisa Cook highlights his efforts to remove diverse voices from governmentA day after Donald Trump announced that he was firing Lisa Cook, the first Black woman to serve on the board of governors of the Federal Reserve, the White House proudly released a photo. It showed Trump, his cabinet and other officials giving a thumbs-up. Of the 24 people in the Oval Office, only one was Black.For those who have studied the US president’s long and troubling history of racism, the two events were more than mere coincidence. They were indicative of a man who has recently brought white nationalist perspectives from the margins back to the mainstream. Continue reading...

Politics

7 d. ago Trump signals he has ‘somebody I like’ to replace Lisa Cook, as Fed governor sues over removal – live

President’s comment comes amid reporting that he wants to quickly nominate a replacement as Cook resists attempt to force her outLev Menand, a law professor at Columbia law school, said Donald Trump’s attempt to fire Federal Reserve chief Lisa Cook is a “procedurally invalid removal under the statute”.Menand, who authored a book about the Fed’s actions during the coronavirus pandemic, also said for-cause firings are typically related to misconduct while in office, rather than based on private misconduct from before an official’s appointment. Continue reading...

Politics

7 d. ago ‘Zero self awareness’: Newsom trolls Trump deputy’s description of ‘crooks’ in government over Lisa Cook ouster

Trump’s ‘firing’ of Fed board governor scares Wall Street and sets up another protracted court battle

Politics

7 d. ago ‘Trump has no authority’: Lisa Cook’s lawyer vows to sue administration over attempted firing of Fed governor – live

Federal Reserve governor’s lawyer says Trump administration’s effort to fire her ‘lacks any factual or legal basis’Lisa Cook to sue Trump over attempt to fire herLev Menand, a law professor at Columbia law school, said Donald Trump’s attempt to fire Federal Reserve chief Lisa Cook is a “procedurally invalid removal under the statute”.Menand, who authored a book about the Fed’s actions during the coronavirus pandemic, also said for-cause firings are typically related to misconduct while in office, rather than based on private misconduct from before an official’s appointment. Continue reading...

Society

7 d. ago Federal Reserve governor Lisa Cook to sue Trump administration over its attempt to fire her

Cook’s attorney said the president has ‘no authority’ and ‘lacks any factual or legal basis’ to fire the Fed governorThe Federal Reserve governor Lisa Cook will sue the Trump administration over its bid to fire her over unconfirmed allegations of mortgage fraud, her attorney has said.Donald Trump announced he was firing Cook on Monday night, in an extraordinary move that marks the latest escalation in the US president’s attack on the central bank’s independence. Continue reading...

Politics

7 d. ago MIKEY SMITH: 10 unhinged Donald Trump moments as he claims people 'want a dictator'

He tried to fire a Fed board member but she said no and the Governor of Illinois is not impressed with his plan to invade Chicago - but on the other hand, he's put another big picture of himself on a government building

Politics

7 d. ago Top Democrats fire back against Trump’s plan to remove Federal Reserve governor as Lisa Cook vows to not resign – live

Lisa Cook says ‘no cause exists under the law’ for Trump to remove her; president is accused of ‘cobbling together’ mortgage fraud allegations against herTrump moves to fire Fed governor Lisa CookLev Menand, a law professor at Columbia law school, said Donald Trump’s attempt to fire Federal Reserve chief Lisa Cook is a “procedurally invalid removal under the statute”.Menand, who authored a book about the Fed’s actions during the coronavirus pandemic, also said for-cause firings are typically related to misconduct while in office, rather than based on private misconduct from before an official’s appointment. Continue reading...

Politics

7 d. ago Who is Lisa Cook and can Trump actually fire the Fed governor he accuses of mortgage fraud?

President Trump has demanded the removal of the Biden appointee in what would mark an unprecedented move against the central bank's leadership

Politics

7 d. ago ‘No cause exists under the law’: Federal Reserve governor Lisa Cook responds to Trump’s move to fire her – live

Lisa Cook says she will not resign after Trump accused of ‘cobbling together’ mortgage fraud allegations against herTrump moves to fire Fed governor Lisa CookLev Menand, a law professor at Columbia law school, said Donald Trump’s attempt to fire Federal Reserve chief Lisa Cook is a “procedurally invalid removal under the statute”.Menand, who authored a book about the Fed’s actions during the coronavirus pandemic, also said for-cause firings are typically related to misconduct while in office, rather than based on private misconduct from before an official’s appointment. Continue reading...

Society

7 d. ago Trump moves to fire Fed governor Lisa Cook in escalating attack on bank’s independence

Departure of Cook, first Black woman to sit on central bank’s board, would allow US president to put forward a replacementDonald Trump has said he is firing the Federal Reserve governor, Lisa Cook, over allegations she committed mortgage fraud, in an extraordinary move that marks the latest escalation in the US president’s attack on the central bank’s independence.Trump wrote to Cook on Monday, telling her that he was removing her from her position “effective immediately”, based on the allegation from one of his allies that she had obtained a mortgage on a second home she incorrectly described as her primary residence. Continue reading...

Events

8 d. ago Trump says he is firing Fed governor Lisa Cook ‘effective immediately’

Move against policymaker sharply escalates US president’s attacks on central bank

Politics

1 week ago US Justice department calls on Fed to sack governor Lisa Cook

Letter to central bank chair Jay Powell is latest escalation in Trump administration’s assault on the institution

Society

1 week ago Fed governor Lisa Cook says she will not be ‘bullied’ into resigning

Trump had called on central banker to step down after his ally accused her of falsifying mortgage documents

Politics

1 week ago Fed governor urged by Trump to resign will not be ‘bullied’ into stepping down

Lisa Cook, first Black woman to sit on Fed board, responds after allegation by ally of president of mortgage fraudUS politics live – latest updatesDonald Trump has called on a Federal Reserve governor to immediately resign, renewing his extraordinary attack on the central bank’s independence as officials mull next steps on interest rates.A close Trump ally accused Lisa Cook, an appointee of Joe Biden, of “potentially committing mortgage fraud” and urged the US Department of Justice to investigate. Continue reading...

Politics

1 week ago Trump calls on Federal Reserve governor Lisa Cook to resign, renewing attack on central bank

Ally of the president has accused the first Black woman to sit on the central bank’s board of mortgage fraudUS politics live – latest updatesDonald Trump has called on a Federal Reserve governor to immediately resign, renewing his extraordinary attack on the central bank’s independence as officials mull next steps on interest rates.A close Trump ally accused Lisa Cook, an appointee of Joe Biden, of “potentially committing mortgage fraud” and urged the US Department of Justice to investigate. The claims have not been confirmed. Continue reading...

Politics

2 w. ago As Netanyahu starves Gaza, there is a whole new battle to be fought in Israel – against complacency | Aluf Benn

Here in Tel Aviv, beaches and restaurants are packed. Amid that distraction, the PM is playing his power games and purging his generalsAluf Benn is editor-in-chief of HaaretzThe extreme heatwave that has hit our region this week does not distinguish between Israelis and Palestinians. But while we Israelis hide in our air-conditioned houses, offices and cars, the besieged residents of Gaza can only add the unbearable hot and humid atmosphere to their struggle to eat, drink and sleep, in constant fear of death. The starvation crisis that has exploded in Gaza this summer, following Israeli-imposed restrictions on the flow of humanitarian aid, continues to worsen despite mounting international pressure to allow in more food, medicine and critical supplies. And the killing has never stopped, while Israel is preparing for the next stage of the war to “annihilate Hamas”.Most Israelis are self-immunised to the horrors being endured by Palestinians in Gaza. Told by our government and mainstr...

Politics

2 w. ago Ignore the vitriol from the Left, the truth is that this week Trump CAN become the world's Peacemaker

Trump alone has the power to drag Russia's Vladimir Putin to the negotiating table and has the diplomatic leverage necessary to force an end to the war in Ukraine.

Politics

3 w. ago Reeves concedes Government has ‘more to do’ as unemployment at four

The Chancellor insisted Labour had been ‘creating more jobs’ since entering office despite vacancy numbers declining over the last quarter.

Politics

3 w. ago ‘It’s missing something’: AGI, superintelligence and a race for the future

As US and Chinese tech giants chase artificial general intelligence, experts warn the hype may be outrunning the scienceA significant step forward but not a leap over the finish line. That was how Sam Altman, chief executive of OpenAI, described the latest upgrade to ChatGPT this week.The race Altman was referring to was artificial general intelligence (AGI), a theoretical state of AI where, by OpenAI’s definition, a highly autonomous system is able to do a human’s job. Continue reading...

Events