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The Latest Breaking News from Lisa Cook

Dollar Falters and Gold Soars as Fed Rate Cut Chances Increase

The dollar index (DXY00 ) on Wednesday fell by -0.24%. Wednesday's rebound in equity markets has curbed liquidity demand for the dollar. Losses in the dollar accelerated on Wednesday as the chances for a Fed rate cut later this month increased after the Jul JOLTS job openings fell more than...

Barchart

Dollar Falls as Weak JOLTS Report Boosts Fed Rate Cut Chances

The dollar index (DXY00 ) today is down by -0.35%. Today's rebound in equity markets has curbed liquidity demand for the dollar. Losses in the dollar accelerated as the chances for a Fed rate cut later this month increased after the Jul JOLTS job openings fell more than expected to...

Barchart

The canary in the coal mine is singing as global bond selloff raises national debt concerns

Global bond yields surge toward multi-decade highs as U.S., U.K., and French debt concerns mount, while gold hits a record $3,537 amid investor flight.

Fortune

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Gold Touches New All-Time High Amid Rising Central Bank Demand, Escalating Trump-Federal Reserve Tensions

Spot gold prices touched a new all-time high on Tuesday, at $3,546.99 per ounce, surging past its prior record high of $3,500 in April this year. Other precious metals such as silver and platinum have surged in recent weeks, trading at $40.72 and $1,397 per ounce, respectively.

Benzinga

Lisa Cook Pushes Back Against Trump's Firing Attempt: Fed Governor Says Mortgage Inconsistencies Were 'Known' By White House

Federal Reserve Governor Lisa Cook on Tuesday pushed back against President Donald Trump's effort to remove her from office, arguing in a court filing that the mortgage-related allegations at the center of the controversy were already disclosed during her confirmation process.

Benzinga

Economists Back Fed Governor Cook As Trump Attempts Ouster

Nearly 600 economists have signed an open letter expressing support for Federal Reserve Governor Lisa Cook and US central bank independence, as Cook battles President Donald Trump's attempt to fire her.

International Business Times

Dollar and Gold Rally as Stocks Slump

The dollar index (DXY00 ) on Tuesday rose by +0.63%. Tuesday’s weakness in stocks boosted liquidity demand for the dollar. Also, higher T-note yields on Tuesday strengthened the dollar’s interest rate differentials and were supportive of the dollar. In addition, Tuesday’s slump in the yen to a 1-month low on...

Barchart

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Hundreds of economists sign open letter backing embattled Fed Governor Lisa Cook after Trump attacks

Notable and experienced economists warn elected officials that attacks on the Fed ‘undermine’ public confidence

The Independent UK

Dollar Climbs With Bond Yields

The dollar index (DXY00 ) today is up by +0.37%. Today's weakness in stocks is boosting liquidity demand for the dollar. Also, higher T-note yields today are supportive of the dollar. In addition, today's slump in the yen to a 1-month low on political risks in Japan is bullish for...

Barchart

Trump’s war on Fed is ‘serious danger’ to world economy, says ECB head

Christine Lagarde issues warning about risks of undermining central bank’s independence

The Guardian - UK

Trump quashes health concerns on Truth Social—‘never felt better in my life’—and tees up next battle with the Fed’s Lisa Cook

Trump pushes Judge Jia Cobb to recuse herself from his battle with Fed governor Lisa Cook, escalating tensions over the central bank’s independence.

Fortune

Fed independence ‘hangs by a thread’ after Trump moves to oust Lisa Cook

Efforts to oust Federal Reserve board member Lisa Cook and install allies could erode the bank’s autonomy, with consequences for inflation, market confidence and everyday borrowing.

Euronews

Trump Once Complained About Democrats Using Lawfare. He Is Now Going After His Political Opponents Using The Same Technique

President Donald Trump is unleashing accusations, escalating the threats to his political rivals, ideological opponents, critics, and federal officials who refuse to toe his line.

Benzinga

What would the Fed do in a tie vote? It's not clear, and the Bank of England had to break a deadlock this month

There have been three occasions when a vote on the FOMC passed by a one-vote majority, though the last time it occurred was in 1973.

Fortune

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We Got This Covered

Donald Trump’s ‘illegal’ move could curse America with hyperinflation where even bread cost ‘$1000 more every day’

He doesn't understand or doesn't care about the consequences.

The Guardian - US

‘Racist as hell’: Trump’s cabinet is almost all white, and he keeps firing Black officials

President’s targeting of Fed governor Lisa Cook highlights his efforts to remove diverse voices from government

Euronews

Is Trump's payback tour blowing over the Atlantic?

Donald Trump is weaponizing the US government against his enemies - perceived and real, and his attacks are coming closer to Europe.

Barchart

Dollar Finishes Slightly Lower on Mixed US Economic Reports

The dollar index (DXY00 ) on Friday fell by -0.02%. The dollar gave up an early advance on Friday and turned lower following the weaker-than-expected August MNI Chicago PMI report and after the University of Michigan’s US August consumer sentiment index was revised lower. The dollar was also pressured by...

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Benzinga

Trump-Cook Battle Triggers Rush To Gold As Bullion Eyes New Records

Gold prices rallied Friday, inching near record highs, as a legal battle over President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook continued to stoke fears of political interference in U.S. monetary policy and triggered a rush to precious metals.

Benzinga

Mortgage Fraud Is Now A Trump-Era Flashpoint—Here's Everything You Need To Know

Mortgage fraud is a serious allegation, one that President Donald Trump has hurled toward three of his staunch critics: Federal Reserve Governor Lisa Cook, New York State Attorney General Letitia James and California Senator Adam Schiff.

International Business Times

Court Battle Underway As Fed Governor Cook Contests Firing By Trump

A US court on Friday began hearing Federal Reserve Governor Lisa Cook's challenge of President Donald Trump's attempt to fire her, in a legal battle set to have major implications for the US central bank and its independence.

The Independent UK

Trump ally probing rivals’ ‘mortgage fraud’ speaks directly with the president - and skips typical DOJ hierarchy

EXCLUSIVE: Trump and ‘Special Attorney for Mortgage Fraud’ Ed Martin are speaking as often as four times per week as the GOP activist prepares to seek indictments against prominent Democrats

The Guardian - UK

The Guardian view on Trump and the Fed: independence is no substitute for accountability

Editorial: The US president’s move against Lisa Cook shows his despotic bent, but the Fed was never democracy’s guardian. It’s time to rethink who really controls money

The Guardian - UK

Step back and take it in: the US is entering full authoritarian mode

Trump’s dictator-like behaviour is so brazen, so blatant, that paradoxically, we discount it. But now it’s time to call it what it is, says Guardian columnist Jonathan Freedland

Roll Call

Senate Banking Democrats urge Scott to delay Fed nominee hearing - Roll Call

As Federal Reserve governor Lisa Cook fights for her job, Senate Banking panel Democrats say a hearing for a Fed nominee should be delayed.

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