3 d. ago U.S. court rules Lisa Cook can stay as Fed governor, blocks Trump from removing her

Trump, a Republican, said he was firing Cook on Aug. 25 over allegations raised by one of his appointees that she committed mortgage fraud.

Politics

2 w. ago U.S. Federal Reserve governor sues Trump over attempt to fire her, in case that could have wide ramifications

The case could become a turning point for the 112-year old Federal Reserve, which was designed by Congress to be insulated from day-to-day political influence

Events

2 w. ago Fed Gov. Lisa Cook sues Trump administration to block her attempted firing

WASHINGTON (AP) — Federal Reserve Governor Lisa Cook has sued the Trump administration in an effort to overturn the president’s attempt to fire her, launching an unprecedented legal battle that could significantly reshape the Fed’s longstanding political independence. No president has sought to fire a Fed governor in the institution’s 112-year history until Trump posted […]

Politics

2 w. ago Gold Holds Gain as Trump Amps Up Threats to Fed Governor Cook

Gold was steady after rising Tuesday on concerns over central bank independence and inflation risks after President Donald Trump doubled down on his efforts to oust a Federal Reserve governor.

Politics

2 w. ago Donald Trump wants to oust U.S. Federal Reserve governor — and she vows to sue

In a post on Truth Social, Trump shared a letter he wrote to Lisa Cook, informing her that he was terminating her role.

Politics

2 w. ago Trump fires Fed governor, opening new front in fight for control over central bank

WASHINGTON — President Donald Trump fired Federal Reserve governor Lisa Cook late Monday, a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics. Trump said in a letter posted on his Truth Social platform that he is firing Cook because of allegations that […]

Events

2 w. ago Oil Declines as Traders Gauge Risks to Supplies and Fed Turmoil

Oil dropped after a four-day gain as investors waited for clearer signals on supplies, while also tracking the wider market fallout from President Donald Trump’s move to oust a Federal Reserve governor.

Economics

3 w. ago Trump calls on Federal Reserve governor Lisa Cook to resign after ally accuses her of mortgage fraud

WASHINGTON — President Donald Trump on Wednesday called on Federal Reserve governor Lisa Cook to resign after a member of his administration accused Cook of committing mortgage fraud. Bill Pulte, director of the agency that oversees mortgage giants Fannie Mae and Freddie Mac, urged the Justice Department to investigate Cook, who was appointed to the […]

Politics

3 w. ago Trump calls on Federal Reserve official to resign after ally accuses her of mortgage fraud

WASHINGTON (AP) — President Donald Trump on Wednesday called on Federal Reserve governor Lisa Cook to resign after a member of his administration accused Cook of committing mortgage fraud. Bill Pulte, director of the agency that oversees mortgage giants Fannie Mae and Freddie Mac, urged the Justice Department to investigate Cook, who was appointed to […]

Events