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The Latest Breaking News from Lisa Cook

Can the President Fire Anyone He Wants? Yes, Unless the Target Is Part of the Federal Reserve.

In a pair of decisions on Monday, the Supreme Court ruled that presidents have full authority to fire heads of executive branch agencies—but that the Fed is different.

Reason

'Historic and unprecedented': Trump hails Supreme Court ruling upholding agency firings

US President Donald Trump celebrated what he described as a "Historic and Unprecedented" victory after the US Supreme Court handed him a major win by upholding his authority to remove the heads of most independent federal agencies.

The Times of India

Supreme Court boosts Trump's power to fire officials, but protects Fed

WASHINGTON (UNITED STATES) - The US Supreme Court on Monday fortified President Donald Trump's powers to fire members of independent government agencies, but carved out protections for the Federal Reserve by blocking the firing of Governor Lisa Cook.

Bangkok Post

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US Supreme Court expands presidential powers, backs Trump's firing; Fed's Lisa Cook spared for now

US Supreme Court on Monday upheld President Donald Trump's authority to remove the heads of most independent federal agencies, while making a key exception for the Federal Reserve. The landmark ruling, which significantly expands presidential powers, is being seen as one of the most consequential decisions on executive authority in…

The Times of India

US Supreme Court rejects Trump's unprecedented bid to fire Fed's Cook

The Supreme Court has taken a significant stand for the Federal Reserve's independence, rejecting President Trump's unusual effort to remove Governor Lisa Cook. The ruling highlights that Fed officials are appointed for set terms and can only be dismissed under specific circumstances, ensuring the central bank remains free from political…

The Economic Times

Supreme Court gives Trump more power in ruling that could transform Washington

IN FULL

The Independent UK

Supreme Court expands Trump’s powers to fire federal workers - but stops his push to remove Lisa Cook from Fed

Supreme Court expanded the president’s authority by removing a 91-year-old precedent intended to prevent politics from interfering with independent regulatory agencies

The Independent UK

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US supreme court rules Trump’s firing of Lisa Cook from Fed was unconstitutional

Justices find president does not have constitutional authority to fire Federal Reserve governor without cause

The Guardian - US

Supreme Court stops Trump firing of Fed board member

The Supreme Court ruled against President Donald Trump’s effort to remove Federal Reserve Board member Lisa Cook on Monday, even as the justices expanded presidential power to remove members of the Federal Trade Commission and other independent agencies. The two decisions written by Chief Justice John G. Roberts Jr —…

Roll Call

US Stock Market: Warsh faces crucial week with court ruling, global debut in focus

Federal Reserve Chair Kevin Warsh faces a crucial week. The Supreme Court's decision on Governor Lisa Cook's removal will test the central bank's independence. Simultaneously, Warsh will present his new communication strategy, shifting away from explicit forward guidance, at a major international forum in Portugal. This approach, emphasizing data-driven decisions,…

The Economic Times

America at 250: Why Trump's second term is reviving fears of an 'imperial presidency'

As America marks its 250th anniversary, President Trump's actions have drawn comparisons to monarchy, with critics pointing to his use of power to enrich himself and target political opponents. His administration's approach, including leveraging the presidency for personal gain and demanding loyalty from the Justice Department, has sparked debate about…

The Economic Times

As Supreme Court's term nears its end, three major Trump rulings due

The U.S. Supreme Court is nearing the end of its term with crucial decisions pending. Key cases involve President Trump's authority to fire federal officials and limit birthright citizenship, alongside rulings on election-related matters like mail-in ballots and campaign finance. The court will also decide on the legality of bans…

The Economic Times

US Stock Market: Fed financial disclosures reveal stark contrast in transparency among top officials

Federal Reserve officials' financial disclosures reveal varying levels of detail. Governor Lisa Cook reported over $1 million in legal expenses, while Vice Chair Philip Jefferson disclosed modest royalty income. In contrast, former Chair Kevin Warsh's substantial assets were largely undescribed due to confidentiality, and his rapid divestment raised questions about…

The Economic Times

Trump news at a glance: Vance uses US weaponry barbs to scold Israeli critics of Iran deal

Vice-president says Israeli cabinet members shouldn’t attack the country’s ‘only powerful ally’ left; Iran says it will impose fees on strait of Hormuz – key US politics stories from Thursday 18 June

The Guardian - US

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The Guardian - US

Fed governor Lisa Cook faced $1.3m in legal and security fees after Trump’s bid to fire her

Cook is at the center of a supreme court case focused on whether Trump’s firing of her from the Fed board was legal

The Independent UK

‘Whatever’: Trump now OK with Fed holding or raising rates as long as Powell not chair

Trump spent the first year and a half of his term bullying former Fed Chair Jerome Powell over his refusal to lower interest rates fast enough for the president’s liking

The Guardian - US

Trump presses on with plan to install Bill Pulte as acting intelligence chief

Lawmakers warn appointment of presidential loyalist will scuttle bipartisan agreement to renew Fisa surveillance law

Axios

Fed officials warn AI's economic costs may arrive faster than benefits

Some Fed officials see clearer evidence of AI-related investment boosting demand for labor, equipment and infrastructure than they do of widespread productivity gains.

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The Mary Sue

Bipartisan Trust Crumbles as Critics Blast President for Placing an Inexperienced Loyalist in Control of National Security Secrets

Democratic senator Chris Murphy has raised alarms about Pulte’s record of using private information for political gain.

The Guardian - US

Trump’s intelligence chief pick puts surveillance program renewal in doubt

Democrats say appointment of Bill Pulte could doom bipartisan agreement to renew section 702 of Fisa

AAP

Trump taps housing regulator Pulte to be acting director of national intelligence

Democrats are criticizing President Donald Trump's selection of federal housing finance Director Bill Pulte to be acting director of national intelligence, saying Pulte lacks necessary national security experience

The Guardian - US

Ex-Federal Reserve chair Jerome Powell sounds alarm over political interference

Powell says central bank has been facing ‘stress test’ under Trump, as supreme court weighs decision on Fed governor that president tried to fire

The Independent UK

Former Fed chair Jerome Powell issues stark warning as he’s honored for standing up to Trump

Speaking at the John F. Kennedy Presidential Library in Boston, Powell underscored the critical role of universities, courts, Congress, and the Federal Reserve, describing them as "the foundation and the embodiment of our democracy”

The Economic Times

Powell uses JFK award speech to warn against political pressure on Fed, courts and schools

Jerome Powell, former Federal Reserve Chair, received an award for safeguarding the central bank's independence. He emphasized the crucial role of independent institutions like universities, courts, and Congress in democracy. Powell warned against political interference in monetary policy decisions. He also acknowledged past Fed mistakes. The award recognized courage in…

Bangkok Post

Outgoing chair Powell delivers defense of Fed independence

WASHINGTON (UNITED STATES) - Outgoing US Federal Reserve chair Jerome Powell on Sunday delivered a staunch defense of the need for the central bank to maintain independence and credibility, as it comes under assault from President Donald Trump.

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