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The Latest Breaking News on Trump’s push to fire Fed governor threatens central bank independence − and that isn’t good news for sound economic stewardship (or battling inflation)

Trump’s push to fire Fed governor threatens central bank independence − and that isn’t good news for sound economic stewardship (or battling inflation)

The fate of Lisa Cook, who is fighting attempts by President Donald Trump to remove her from the Federal Reserve’s Board of Governors, has huge implications for a keystone of good economic policy: central bank independence.

The Conversation

Investors are salivating over rate cuts as Trump’s attempt to fire Lisa Cook opens the door for a GOP Fed majority: ‘This is very positive’

It’s more important to have a dovish Fed than an independent one, investor Jay Hatfield told Fortune.

Fortune

Who is Lisa Cook, the Fed governor facing removal by Trump?

The first Black woman to sit on Fed board faces another obstacle in a long line she has faced and written about

The Guardian - US

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Stocks dip amid Trump’s Fed move and French worry

The FTSE 100 index closed down 55.60 points, 0.6%, at 9,265.80.

Evening Standard

Donald Trump has a new tool to take down Democratic foes — unproven mortgage fraud charges

President now using the allegations as a pretext to fire a Federal Reserve board member and target others

The Independent UK

Dollar Falls on Threats to Fed Independence

The dollar index (DXY00 ) today is down by -0.22%. The dollar is under pressure today over the Fed's independence after President Trump moved to fire Fed Governor Lisa Cook, citing "sufficient cause" based on allegations she made false statements on one or more mortgage loans. If Mr. Trump succeeds...

Barchart

Who is Lisa Cook and can Trump actually fire the Fed governor he accuses of mortgage fraud?

President Trump has demanded the removal of the Biden appointee in what would mark an unprecedented move against the central bank's leadership

The Independent UK

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Fed Governor Cook Says Trump Has No Authority To Fire Her

Federal Reserve Governor Lisa Cook rejected US President Donald Trump's unprecedented bid to oust her on Tuesday, saying he had no legal authority for such an intervention against a member of the independent US central bank.

International Business Times

First Thing: Trump says he is firing Fed governor Lisa Cook in escalating attack on bank’s independence

Cook has said that Trump ‘has no authority’ to remove her from the job over over allegations she committed mortgage fraud. Plus, a look at the AI-led agency advocating for ‘AI rights’

The Guardian - UK

Global selloff in the markets: Investors got a look at a world where the dollar isn’t a reliable reserve currency and decided they didn’t like it

Some hopes emerged as investors focused on the Fed’s institutional strength.

Fortune

Trump’s threat to fire another Fed member has Wall Street weighing the price of ‘wrecking institutions’ with ‘scapegoat economics’

While UBS’s Paul Donovan told clients the attempt was “completely unprecedented,” Wharton’s Jeremy Siegel argued her ousting adds “noise but little substance” compared with the Fed’s longer-term policy pivots.

Fortune

Stock Index Futures Fall as Fed Independence Concerns Resurface, U.S. Economic Data on Tap

September S&P 500 E-Mini futures (ESU25) are down -0.16%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.19% this morning as investors weigh U.S. President Donald Trump’s move to oust Federal Reserve Governor Lisa Cook and fresh tariff threats.

Barchart

Was Lisa Cook Unfairly Targeted? Trump Fires First Black Woman on Fed Board Over Fraud Claim

Trump fires Fed Governor Lisa Cook, citing 'sufficient cause' over mortgage fraud claims. Cook denies wrongdoing and vows to fight the dismissal in court.

International Business Times UK

Federal Reserve governor Lisa Cook to sue Trump administration over its attempt to fire her

Cook’s attorney said the president has ‘no authority’ and ‘lacks any factual or legal basis’ to fire the Fed governor

The Guardian - US

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Roll Call

Trump says he's removing Federal Reserve board member - Roll Call

President Donald Trump fired Federal Reserve governor Lisa Cook on Monday night, likely teeing up a legal battle over the Fed's independence.

People

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