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The Latest Breaking News from Lisa Cook

Trump's Fed Coup

Plus: Beachy vignettes, Smithsonian scrutiny, Gavin Newsom might not be the Democrats' great new hope, and more...

Reason

The first battle in the war on Fed independence takes shape today at Lisa Cook’s emergency hearing

Trump’s bid to oust Fed governor Lisa Cook faces a legal showdown as she sues to block her removal, escalating the fight over Fed independence.

Fortune

‘I own the store and I set the prices’: Trump’s corporate extortion scheme turns America into his personal ‘giant department store’

The country looks more like China than America now.

We Got This Covered

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First Thing: White House picks Kennedy deputy Jim O’Neill to replace fired CDC chief

Ex-investment manager chosen as agency’s interim director after firing of Susan Monarez. Plus, how marijuana became the US Open’s new distraction

The Guardian - UK

Stock Market Today: Dow, Nasdaq, S&P 500 Futures Tumble As PCE Index Ticks Up In July—Dell, Marvell, Alibaba Earnings In Focus (UPDATED)

Editor’s Note: The future prices of benchmark tracking ETFs, the lede, and the latest economic releases were updated in the story.

Benzinga

US appeals court rules most of Trump’s sweeping global tariffs illegal – as it happened

Ruling upholds decision from trade court while president attacks ‘Highly Partisan Appeals Court’ and says he will win tariff fight

The Guardian - US

Trump accused of using mortgage fraud allegations as ‘weapon of choice’ to attack Fed

At hearing for Federal Reserve governor’s suit over firing, attorney says president engages in ‘litigation by tweet’

The Guardian - US

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Fed Governor Lisa Cook sues Trump over move to fire her

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.

Euronews

Trump news at a glance: CDC chief was fired for resisting vaccine changes that ‘flew in the face of science’

A deputy of Robert F Kennedy Jr will reportedly replace Susan Monarez as acting head of the Centers for Disease Control and Prevention. Key US politics stories from Thursday 28 August at a glance

The Guardian - US

Dollar Pressured by Fears Over Fed Independence and Strong Stocks

The dollar index (DXY00 ) on Thursday fell by -0.40%. The dollar was under pressure Thursday from a stronger yuan, which rose to a 9.5-month high against the dollar. The dollar also remains under pressure due to concern over the Fed's independence and fears about capital flight with President Trump's...

Barchart

Fed Governor Lisa Cook's Record Is a Reminder of the Social Justice Insanity of 2020

Trump is attempting to fire a Federal Reserve board governor.

Reason

S&P 500 Breaks New Records But Nvidia Misses The Party: What's Moving Markets Thursday?

The SP 500 extended its spectacular rally to fresh record highs on Thursday, even as its most influential stock, Nvidia Corp. (NASDAQ:NVDA), failed to impress with its latest quarterly results.

Benzinga

Federal Reserve Governor Lisa Cook sues Trump for his attempt to fire her

The lawsuit comes amid concerns that the US president is trying to sway central bank’s decisions on monetary policy.

Al Jazeera

Rabbis; The Economy; His Majesty’s Health

RABBIS Orthodox Rabbis Emerge as Growing Voice of Criticism of Israel’s Tactics in Gaza. Hamas is no longer a credible threat. Israel should immediately flood...

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Top News

President's Plan To Reorient Federal Reserve Sparks Controversy

President's potential control over Federal Reserve raises concerns about independence and implications. Experts warn of critical moment for Fed independence.

Top News

Federal Reserve Governor Sues Trump Over Firing Attempt

Federal Reserve Governor Lisa Cook challenges President Trump's attempt to dismiss her, emphasizing the importance of Fed's independence and legal precedent.

Top News

Federal Reserve Governor Files Lawsuit Against Trump Administration

Federal Reserve Governor Lisa Cook challenges her dismissal by President Trump in court, raising concerns about the independence of the Federal Reserve and...

Top News

Federal Reserve Governor Sues Trump Administration Over Firing Attempt

Federal Reserve Governor Lisa Cook challenges Trump administration's attempt to dismiss her, highlighting the importance of Fed's independence and autonomy.

Get all your
news in one place.

100's of premium titles.
One news app.

Barchart

Dollar Slips on Yuan Strength and Concern Over Fed Independence

The dollar index (DXY00 ) today is down by -0.37%. The dollar is under pressure today from a stronger yuan, which rose to a 9.5-month high against the dollar. The dollar also remains under pressure due to concern over the Fed’s independence and fears about capital flight with President Trump’s...

International Business Times

US Fed Governor Lisa Cook Sues Trump Over Move To Fire Her

US Federal Reserve Governor Lisa Cook filed a lawsuit Thursday to challenge Donald Trump's move to fire her from her position -- as the president intensified pressure on the independent central bank.

The Guardian - US

RFK Jr ally chosen to lead CDC as departing officials hit out at vaccine messaging – as it happened

Deputy health secretary Jim O’Neill will become interim CDC director as staffers rally for officials who quit. This blog is now closed.

The Guardian - US

Fed governor Lisa Cook sues Trump over his ‘illegal attempt’ to fire her

US president spent months waging campaign against Fed’s leaders, which has raised questions over its independence

Roll Call

Cook files suit against Trump to keep Fed board seat - Roll Call

Federal Reserve Governor Lisa Cook filed suit Thursday against President Donald Trump to stop him from firing her from the Fed board.

Reason

Will SCOTUS Let Trump Fire Lisa Cook From the Federal Reserve?

Or will the justices say that Trump fired her for illegal reasons?

Benzinga

Janet Yellen Warns Of 'Catastrophic' Consequences As Trump Fires Fed's Lisa Cook: 'Higher inflation, Volatile Growth...Weakened Currencies'

Janet Yellen, the former chair of the Federal Reserve, has issued a stark warning about the potential fallout from President Donald Trump’s recent attempt to dismiss Fed Governor Lisa Cook.

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