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The Latest Breaking News from Lisa Cook

How the Supreme Court might protect the Fed’s independence by using employment law in Trump v. Cook

Most of the Trump administration’s legal disputes involving the firing of high-level officials deal with the scope of presidential power.

The Conversation

Fed set to keep rates steady as Trump threatens bank's independence

This week's meeting will be overshadowed by the revelation that the Justice Department has opened a criminal investigation into the Fed, threatening central bank independence.

Euronews

Is the supreme court ready to stand up to Trump over Federal Reserve attack?

Conservative majority appears eager to hand president greater power – with one exception: the US central bank

The Guardian - US

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Photos of the week | January 16-22, 2026

The House worked through spending bills while the Senate was away. Here are the images captured by CQ Roll Call photojournalists this week.

Roll Call

Brett Kavanaugh Says Trump Threatens Federal Reserve Independence

Trump’s legal arguments “would weaken, if not shatter, the independence of the Federal Reserve,” the justice said.

Reason

Lisa Cook Case Sets Off Supreme Court Alarm as 'For Cause' Firing Puts Fed Stability at Risk

The Supreme Court weighs whether Trump can fire Fed governor Lisa Cook 'for cause', raising concerns over Fed independence and economic stability.

International Business Times UK

Taco Thursday: European and US stocks rise after Trump ‘chickens out’ over tariffs

Gains come after US president says he will not use military force to acquire territory and cites ‘framework deal’

The Guardian - US

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Dow Soars 588 Points as Trump Retreats: Stock Market Today

Another up and down day ends on high notes for investors, traders, speculators and Greenland.

Kiplinger

Supreme Court airs doubts over Trump’s power to fire Fed member

The Supreme Court appeared ready to rule against President Donald Trump’s push to immediately remove Federal Reserve Board member Lisa Cook.

Roll Call

Greenlandic lawmaker says Nato has no mandate to negotiate nation’s status – as it happened

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The Guardian - US

US supreme court appears skeptical of Trump’s bid to oust Lisa Cook from Fed board

Conservative and liberal judges questioned administration over president’s authority to fire without due process

The Guardian - US

A stooge in the US Fed could blow out inflation in Australia – but Trump is unlikely to get his way

Global consequences likely to be severe if the president is able to take control of US central bank

The Guardian - AU

Supreme Court to hear arguments on Trump firing of Fed member

The Supreme Court is set to hear arguments Wednesday over President Donald Trump's power to remove a member of the Federal Reserve Board.

Roll Call

’Absolutely, positively no chance, no way, no how, for any reason’: Dimon says he'd never run the Fed but ‘would take the call’ to lead Treasury

The JPMorgan Chase CEO said he’s not willing to give up being his own boss.

Fortune

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The Guardian - US

The Jerome Powell investigation shows Trump’s need for limitless power

The inquiry into the Federal Reserve chair sends a message to anyone standing in Trump’s way – including the supreme court

The Independent UK

‘Agent of chaos’ Bill Pulte and Jeanine Pirro behind DOJ investigation of Fed Chair Jerome Powell, report claims

Chairman has dismissed probe as a political attack brought about because he refuses to lower interest rates in line with ‘the preferences of the president’

The Guardian - US

Why is Trump’s justice department investigating Fed chair Jerome Powell?

Powell publicly denounced the inquiry as punishment for not bowing to the president’s wishes on interest rates

The Independent UK

Republicans slam Powell probe as ‘coercion’ as Trump tries strong-arming central bank

GOP pushback could imperil Trump’s efforts to remake the central bank’s board in his own image

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Axios

Bill Pulte: How Trump's housing regulator became an attack dog

Pulte has been putting the pressure on Jerome Powell for months.

Fortune

The FOMC has the power to pick its own chair and could keep Powell—unless the DOJ probe and Supreme Court let Trump oust him from the Fed

Powell actually wears two hats: He is chair of the Fed’s Board of Governors and chair of the Federal Open Market Committee.

Euronews

US opens criminal investigation into Fed Chair Jerome Powell

Powell said the investigation, linked to a testimony he gave to a Senate committee about renovations to Fed buildings, was an attempt to limit central bank independence.

Reason

Transgender Athletes, Guns, and the Federal Reserve: 3 SCOTUS Cases To Watch in January

The Supreme Court’s January docket is packed with big cases.

Axios

How Trump's agenda lands at the Supreme Court in 2026

Trump has relied heavily on emergency appeals during his second term thus far.

The Guardian - US

Fed up: inside Trump’s unprecedented bid to exert control over the US central bank

The US president and his allies spent 2025 attacking the Federal Reserve amid a rollercoaster year for the US economy

Fortune

No one’s happier about calls for a ‘back-seat’ Fed than Fed insiders who were targeted by the White House this year

“How much can truly change under a single administration?” I asked one source. “Three years is a long time yet,” came the response.

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