Federal Reserve Governor Lisa Cook has filed a lawsuit to block President Donald Trump’s attempt to remove her from the central bank, setting up a major legal showdown over presidential power. Trump announced her dismissal earlier this week, citing “cause” based on mortgage fraud allegations raised by Federal Housing
By George Caldwell, The Daily Signal | August 26, 2025 President Donald Trump claims to have fired Federal Reserve Gov. Lisa Cook, but she begs to differ. “President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” said
President Donald Trump’s move to fire Federal Reserve Governor Lisa Cook has sparked sharp criticism from top congressional Democrats. Senate Minority Leader Chuck Schumer accused Trump of playing “a dangerous game of Jenga with a key pillar of our economy.” He warned that removing Cook and installing a loyalist
Federal Reserve Governor Lisa Cook is vowing to fight President Donald Trump’s attempt to fire her over allegations of mortgage fraud. Cook, the first Black woman on the Fed board, hired high-profile attorney Abbe Lowell, insisting Trump has “no authority” to remove her. Trump posted a letter Monday citing
The stock market surged Friday after Federal Reserve Chair Jerome Powell signaled that interest rate cuts could be imminent, CNN reported. The Dow Jones Industrial Average climbed 860 points, or 1.93%, setting up its first record close since December 2024. The S&P 500 rose 1.6%, while
Federal Reserve Chair Jerome Powell signaled Friday that interest rate cuts may soon be on the table as the U.S. labor market shows increasing weakness, CNN reported. Speaking at the annual Jackson Hole economic symposium, Powell warned of “downside risks to employment” and said the Fed may need to
By Elizabeth Troutman Mitchell, The Daily Signal | August 20, 2025 President Donald Trump said a Federal Reserve Board governor who has refused to lower interest rates “must resign, now!!!” Lisa Cook has also been accused of mortgage fraud by Federal Housing Finance Agency Director William Pulte, who sent a letter
President Donald Trump has called for Federal Reserve Governor Lisa Cook to resign following allegations of mortgage fraud. According to CNN, the claims were raised in a letter from Federal Housing Finance Agency Director Bill Pulte, a Trump ally, who urged the Justice Department to investigate. Pulte alleged that Cook
Glenn Hubbard, Project Syndicate | August 18, 2025 Although Donald Trump is wrong to impugn the US Federal Reserve chair's motives, the central bank has made some serious mistakes. To avoid repeating them, the next chair will have to confront fundamental questions about the institution's approach to
By Ryan McMaken, Mises Wire | August 16, 2025 Pressure on Jerome Powell and the Federal Reserve continues to mount as both Wall Street and the White House demand more easy money to keep asset price inflation accelerating ever upward. These inflationists also hope that easy money-policy will somehow reverse the
By Elizabeth Troutman Mitchell, The Daily Signal | August 12, 2025 The Federal Reserve complied with a pro-Trump investment firm’s request to reveal which board members voted to keep the most recent meeting closed to the public. Azoria Capital applied for a temporary restraining order requiring the Federal Open Market
President Donald Trump suggested Tuesday he may allow a major lawsuit against Federal Reserve Chair Jerome Powell to proceed, citing what he called mismanagement of the Fed’s headquarters renovation. On Truth Social, Trump blasted the project’s cost, claiming it should have been a $50 million fix, not a
By Elizabeth Troutman Mitchell, The Daily Signal | August 05, 2025 President Donald Trump said he would select a new Federal Reserve governor before the end of the week. At a White House event Tuesday in which Trump signed an executive order about preparations for the 2028 Los Angeles Olympics, a
By Adam Pack, Daily Caller News Foundation | August 04, 2025 Two Republican senators are seeking to slow the confirmation process for three of President Donald Trump’s Department of Treasury nominees, citing concern that the administration is moving to severely crack down on subsidies for solar and wind projects. Republican
President Donald Trump confirmed Tuesday that Treasury Secretary Scott Bessent is no longer in the running to replace Jerome Powell as Federal Reserve Chair. “He wants to stay where he is,” Trump told CNBC, adding that Bessent is assisting in the selection process. Trump said he is now considering former
Will President Donald Trump soon fire Federal Reserve Chairman Jerome Powell, as is now hotly rumored? And do you care? If not, maybe you should. Because at this moment, the Fed chief seems to think he has to re-fight the inflation battle he lost three years ago. And his refusal
