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The Latest Breaking News from Lisa Cook

A Fed Member Voted To Hike Rates In July. She Said More Than One Increase Could Be Needed To Tame Inflation.

Cleveland Federal Reserve president Beth Hammack said more than one interest rate hike could be needed to tame inflation.

International Business Times

Trump Targets Fed Governor Lisa Cook Again With Mortgage Fraud Allegations After Supreme Court Blocked Earlier Firing: Report

President Donald Trump is reportedly again weighing the removal of Federal Reserve Governor Lisa Cook, restarting a fight the Supreme Court paused in June.

Benzinga

Trump renews bid to fire Fed governor Lisa Cook despite supreme court ruling

White House continues to target Cook despite decision from justices that upheld Federal Reserve’s independence

The Guardian - US

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Fed Governor Cook Voted Against Hiking Rates. She Clarified She's Ready To Act If Inflation Remains Above Target.

Federal Reserve Governor Lisa Cook said that even though she voted against hiking interest rates, she is ready to do so if inflation does not decrease.

International Business Times

Nasdaq Futures Slip as Western Digital and Sandisk Sink on Disappointing Guidance

September Nasdaq 100 E-Mini futures (NQU26) are down -0.42% this morning as concerns about the AI trade linger after forecasts from Western Digital and Sandisk fell short of investors’ lofty expectations.

Barchart

Global Market Today: Asian stocks drop as AI rally pauses, oil dips

Asian markets experienced a dip on Thursday as Wall Street's recent tech surge showed signs of slowing down. Crude oil prices also fell slightly after Iran and Oman reached a new agreement regarding the Strait of Hormuz. Meanwhile, Sandisk and Western Digital faced significant declines following disappointing earnings reports. As…

The Economic Times

David Cole's Qualified Defense of the Supreme Court

The prominent liberal legal scholar and former ACLU leader outlines how the Court has often checked Trump, but also critiques it for going against precedent.

Reason

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Chief Justice Roberts Broke The Fourth Wall in Cook

This unusual opinion suggests something happened behind the scenes over the past ten months.

Reason

Did Congress Waste Warsh Hearings on AI While Inflation Runs Hot? Cato Blasts Focus on 'Trendy Topics'

New Federal Reserve Chairman Kevin Warsh faced Congress last week for the first time, but a Cato Institute economist says lawmakers may have squandered their best chance to press him before rates move.

Benzinga

Supreme Court rules 6-3 for presidential removal of independent agency commissioner

Highlights from this edition of Checks and Balances include a 6-3 Supreme Court ruling for presidential removal of independent agency commissioners, and a South Carolina law with a REINS-style provision, judicial deference prohibition, and sunset review requirement

Ballotpedia

Stocks Slip Before the Open as Chipmakers Extend Slide, U.S. Retail Sales Data and Earnings on Tap

September S&P 500 E-Mini futures (ESU26) are down -0.17%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.59% this morning as chipmakers remained under pressure, with investors weighing whether earnings justify further gains in the AI trade.

Barchart

Navigating the New Fed: 5 Conflicts Kevin Warsh Has to Tackle Now

Fed Chair Kevin Warsh, the new leader of the most important central bank in the world, faces multiple challenges to his still-emerging authority.

Kiplinger

4 Takeaways From the Supreme Court's 2025–2026 Term

From executive power to civil liberties, what to make of a momentous year at SCOTUS?

Reason

Trump is already causing a headache for his new Fed chairman, saying the central bank's board is 'hostile' and 'doing the wrong thing'

Trump claimed the board is "a little hostile" toward new Fed Chairman Warsh.

Fortune

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Ballotpedia

U.S. Supreme Court rules 6-3 for presidential removal of independent agency commissioner

Welcome to the Thursday, July 2, 2026, Brew.

The Conversation

‘In the end the court did its job’ – a former federal judge reviews a Supreme Court term full of momentous decisions

In the Supreme Court term that began in October 2025, the justices delivered major decisions in cases ranging from voting rights to citizenship to presidential power. The Conversation’s Politics and Legal Affairs Editor, Naomi Schalit, spoke with Dickinson College President John Jones, a former federal judge, about the court’s session.

Ballotpedia

U.S. Supreme Court rules 6-3 for presidential removal of independent agency commissioners

On June 29, the U.S. Supreme Court ruled 6–3 in the case of Trump v. Slaughter that the president may remove a leader of a multi-person independent agency for reasons other than those enumerated in statute. The Court upheld President Donald Trump's (R) 2025 dismissal of Federal Trade Commission (FTC)…

Roll Call

SCOTUS term marked by shifts to the right, some checks on Trump

The Supreme Court capped its term Tuesday with one decision overturning a long-standing campaign finance limit and another turning aside President Donald Trump’s attempt to unilaterally change birthright citizenship — a day, experts said, that exemplified this year at the court. Throughout the term, they said the conservative-controlled court continued…

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The Economic Times

Fed's Warsh: Will decide on rate hike when policymakers 'shut the door' at next meeting

At an international monetary policy forum, Federal Reserve Chair Kevin Warsh stressed the necessity of maintaining a 2% inflation target. He notably refrained from giving any forward guidance on interest rates. Warsh's remarks have sparked debate among economists regarding potential future rate increases, as global central banks adopt varying approaches…

Kiplinger

What the Supreme Court's Latest Decisions Mean for Your Money This Year

Several recent U.S. Supreme Court rulings could have notable financial consequences for homeowners, taxpayers, investors, and consumers.

The Economic Times

US Stock Market: US Supreme Court shields Fed independence, but leaves central bank more isolated

The US Supreme Court has reaffirmed the Federal Reserve’s independence by blocking attempts to allow presidential removal of its governors without a high legal threshold. In a case involving Governor Lisa Cook, the court ruled that dismissal would require proof of serious misconduct tied to official duties while legal proceedings…

Kiplinger

What New Supreme Court Rulings Mean for Your Money in 2026

Several recent U.S. Supreme Court rulings could have notable financial consequences for homeowners, taxpayers, investors, and consumers.

The Independent UK

The Latest: Supreme Court is set to rule on Trump’s challenge to birthright citizenship

The Supreme Court will rule on the constitutionality of President Donald Trump’s order on birthright citizenship declaring that children born to parents who are in the United States illegally or temporarily are not American citizens

Fortune

Trump takes his inflation battle to gas retailers after his Fed plot runs ashore—sets target for $2.50 a gallon

"The retailers must quickly react to this statement, and do what they know is right — DROP YOUR PRICE FOR OUR GREAT AMERICAN PEOPLE!"

Barchart

Stock Index Futures Gain at Quarter-End, U.S. JOLTS Report and Nike Earnings on Tap

September S&P 500 E-Mini futures (ESU26) are up +0.10%, and September Nasdaq 100 E-Mini futures (NQU26) are up +0.16% this morning, putting the major indexes on track for their strongest quarterly gains in years.

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