Sep 11 Trump administration requests emergency ruling to remove Lisa Cook from Fed board By Christopher Rugaber, Associated Press The request represents an extraordinary effort by the White House to shape the board before the Fed's interest rate-setting committee meets next Tuesday and Wednesday. Continue reading
Sep 11 U.S. inflation worsened last month, putting Fed in difficult spot as job market slows By Christopher Rugaber, Associated Press The price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures. Continue reading
Sep 10 WATCH: Senate committee approves Stephen Miran’s nomination for Federal Reserve governor By Christopher Rugaber, Associated Press The White House has pushed for an expedited Senate approval of Miran, who was nominated by President Donald Trump to replace former Fed governor Adriana Kugler. Continue reading
Sep 10 Cook can remain a Fed governor while fighting Trump’s attempted firing, court rules By Christopher Rugaber, Lindsay Whitehurst, Associated Press The ruling, which will almost certainly be appealed, is a blow to the Trump administration’s efforts to assert more control over the traditionally independent Fed. Continue reading
Sep 04 DOJ probing mortgage fraud claims against Fed governor Lisa Cook, AP source says By Eric Tucker, Paul Wiseman, Associated Press News of the investigation comes amid a high-stakes legal fight over President Donald Trump’s removal last month of Cook, an action she says is being undertaken so that he can seize control of the independent central bank. Continue reading
Sep 04 WATCH: Trump’s Federal Reserve board pick says he plans to keep White House job By Josh Boak, Associated Press Miran, who was nominated to fill a gubernatorial term set to expire in January, made the disclosure at a hearing before the Senate Banking, Housing and Urban Affairs Committee. Continue reading
Aug 29 Fed governor Cook to seek court order blocking her firing by Trump By Christopher Rugaber, Associated Press Federal Reserve Governor Lisa Cook has requested an emergency injunction to block President Donald Trump's attempt to fire her over allegations that she committed mortgage fraud when she purchased a home and condo in 2021. Continue reading
Aug 28 Fed Gov. Lisa Cook sues Trump administration to block her attempted firing By Christopher Rugaber, Associated Press No president has sought to fire a Fed governor in the institution's 112-year history until Trump posted a letter on his Truth Social media platform late Monday saying that Cook was fired. Continue reading
Aug 26 Watch 12:27 How Trump’s attempts to control Federal Reserve board threaten its long-held independence By Amna Nawaz, Winston Wilde, Jackson Hudgins President Trump made it clear he is seeking more control of the Federal Reserve. He said he fired Fed Governor Lisa Cook from the bank's board, but she says she's not leaving and will take the administration to court. At… Continue watching
Aug 26 WATCH: Trump reacts to Fed’s Lisa Cook vowing legal action against firing By Associated Press President Donald Trump said “we have some very good people” in mind to replace Cook if she’s removed. Continue reading