Federal Reserve Board Governor Lisa Cook on Thursday sued President Donald Trump, seeking to block his unprecedented move to fire her. The suit, filed in federal court in Washington, D.C., also names Fed Chairman Jerome Powell and the Board of Governors itself as defendants. Trump said Monday that he was removing Cook because of allegations that she committed mortgage fraud in connection with …
Read More »Global shares steady, dollar slips as focus turns to Fed policy Reuters Dollar edges lower as September Fed cut bets grow Reuters Investors got a look at a world where the dollar isn’t a reliable reserve currency and decided they didn’t like it Fortune Why the bond market remains so calm amid Trump’s Fed war Axios Treasury yields are stable as traders try to …
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At Spelman College in Atlanta, Lisa Cook is the “personification of excellence,” said Darlene Smith-Garner, a 2023 graduate of the historically Black women’s college, where Cook also studied. “We see her as one of our great alumnae, a model,” Smith-Garner said. “To get where she is, she had to overcome a lot and fight. And that’s what she will do …
Read More »Meet the lawyer challenging Trump’s Fed firing — and defending other targets of Trump’s retribution Politico How an obscure housing director launched Trump’s firing of Fed governor Lisa Cook CNN Trump White House pressures Fed Governor Lisa Cook to go on leave as lawsuit looms CNBC Get Ready for the End of Fed Independence The Wall Street Journal Yellen blasts Powell’s ‘unlawful’ firing of …
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White House National Economic Adviser Kevin Hassett prepares to give a live television interview at the White House in Washington, D.C., U.S., August 4, 2025. Jonathan Ernst | Reuters President Donald Trump’s top economic adviser Kevin Hassett said Wednesday that Federal Reserve Board of Governors member Lisa Cook should go on leave from the central bank even as she plans to …
Read More »Trump’s Takeover of the Fed The New York Times Trump Again Escalates Power Grabs in Bid to Fire Fed Member The New York Times Republicans skeptical but quiet on Trump’s attempt to fire Fed board member The Hill How an obscure housing director launched Trump’s firing of Fed governor Lisa Cook CNN An Atlanta condo is at the center of Trump’s attempt to fire …
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Note: Powell was appointed as governor by Obama and nominated as chair by Trump. When President Trump took office in 2025, just two of the seven seats on the Federal Reserve’s Board of Governors were held by his appointees. He had also elevated Jerome H. Powell to the chair position during his first term. Note: Powell was appointed as governor …
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Good morning. You’re reading the Up First newsletter. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day. Today’s top stories Immigration authorities yesterday morning took Kilmar Abrego Garcia into federal custody, where he is waiting to find out how long he will remain in the U.S. The …
Read More »‘Uncharted Waters’: Trump’s Attempt to Take Charge of the Fed The Wall Street Journal Trump says he has fired Fed governor Lisa Cook. She says he has no ‘authority’ to fire her CNN Trump’s pressure on the Fed won’t have a huge impact on key stocks, Jim Cramer says CNBC The Trump administration’s new weapon against foes: Mortgage filings The Washington Post Trump’s attempt …
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U.S. stocks rose on Aug. 26 as investors looked past President Donald Trump’s firing of Federal Reserve Governor Lisa Cook and its implications for the central bank’s independence. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The benchmark S&P 500 …
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