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The Latest Breaking News on Trump removes Fed Governor Lisa Cook over mortgage fraud dispute

Trump removes Fed Governor Lisa Cook over mortgage fraud dispute

Last week, Cook emphasised she wouldn't leave her post after the US president called for her resignation on social media, linked to an accusation from one of his officials that she committed mortgage fraud.

Asian Stocks Down After Trump Fed Firing, Tariff Threats

Asian Stocks Down After Trump Fed Firing, Tariff Threats

Asian stocks retreated Tuesday after a series of market-rattling announcements by US President Donald Trump, including the unusual firing of a central bank official and threats to impose export controls on microchips.

International Business Times

Trump declares war on the Fed, setting up a titanic struggle for world's most important central bank

Trump declares war on the Fed, setting up a titanic struggle for world's most important central bank

“President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” Cook said.

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Trump Moves To Fire A Fed Governor Over Mortgage Fraud Claims

US President Donald Trump moved to fire Federal Reserve Governor Lisa Cook "effective immediately" on Monday, citing allegations of false statements on her mortgage agreements -- as he expanded pressure on the independent central bank.

International Business Times

Trump orders removal of Fed governor Cook over mortgage fraud claims

Trump says Lisa Cook sacked ‘effective immediately’ in unprecedented move that raises concerns for Fed’s independence.

President Trump Says He's Firing Federal Reserve Gov. Lisa Cook. She Says He Can't.

President Donald Trump said he's firing Federal Reserve Gov. Lisa Cook late Monday. She said "he has no authority to do so."

Investors Business Daily

Fed’s Jerome Powell Warns of Substantial ‘Uncertainty’ From ‘Significantly Higher Tariffs’ and ‘Abrupt Slowdown in Labor Force Growth’

At the central bank conference in Jackson Hole on Friday, Federal Reserve Chair Jerome Powell warned that a new set of policy-driven shocks is reshaping the U.S. outlook, underscoring how “significantly higher tariffs” are remaking global trade while tighter immigration policy has produced an “abrupt slowdown in labor force growth.”

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Stocks Settle Lower as Bond Yields Rise

Stocks Settle Lower as Bond Yields Rise

The S&P 500 Index ($SPX ) (SPY ) on Monday closed down by -0.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.77%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -0.31%. September E-mini S&P futures (ESU25 ) fell -0.37%, and September...

Is It Too Late To End the Fed?

Plus: What the new E.U. trade deal means for tariffs and prices, a listener question about Rahm Emanuel’s presidential appeal, and the FBI raids John Bolton’s home.

Dollar Gains on Higher T-Note Yields and Weak Stocks

Dollar Gains on Higher T-Note Yields and Weak Stocks

The dollar index (DXY00 ) on Monday rose by +0.82%. The dollar moved higher on Monday due to higher T-note yields. Also, weakness in stocks on Monday boosted some liquidity demand for the dollar. The dollar also found support after the US July new home sales report was better than...

Nvidia Q2 Earnings Preview: Can Jensen Huang Lead NVDA Stock, Broader Market to New Highs?

Nvidia Q2 Earnings Preview: Can Jensen Huang Lead NVDA Stock, Broader Market to New Highs?

Nvidia is set to report its fiscal Q2 earnings on Aug. 27. The company’s earnings will be the most important event this week.

Stocks Turn Mixed on Strength in the Magnificent Seven Megacaps

Stocks Turn Mixed on Strength in the Magnificent Seven Megacaps

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.15%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.49%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.03%. September E-mini S&P futures (ESU25 ) are down -0.13%, and September...

Top 5 ETFs and Stocks to Watch as the Fed Eyes Rate Cuts

Top 5 ETFs and Stocks to Watch as the Fed Eyes Rate Cuts

Powell’s dovish Jackson Hole remarks signal that the Fed could cut rates as early as September, with markets now pricing an 80% chance of a 25 bps cut.

Dollar Follows T-Note Yields Higher

Dollar Follows T-Note Yields Higher

The dollar index (DXY00 ) today is up by +0.16%. The dollar is climbing today due to higher T-note yields. Also, weakness in stocks today has boosted some liquidity demand for the dollar. Gains in the dollar are limited after the Jul Chicago Fed national activity index fell more than...

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International Business Times

Powell's Jackson Hole Pivot Supercharges September Cut Odds, But Data Will Decide

Fed funds futures now imply an 85 to 90 percent chance of a 25-basis-point reduction at the Sept. 16–17 policy meeting, up from roughly 75 percent before Powell's speech.

Stocks Pressured by Rising Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.15%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.25%. September E-mini S&P futures (ESU25 ) are down -0.18%, and September...

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