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The Latest Breaking News from Lisa Cook

UK retail stocks tumble as Deutsche Bank cuts ratings, French market drops on political fears - as it happened

Rolling coverage of the latest economic and financial news

The Guardian - 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

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.

Roll Call

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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.

Euronews

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

What Trump’s move to fire Fed governor means for central bank’s independence

The US president has said he is firing Lisa Cook over mortgage fraud allegations – a move experts view as a means to exert more control

The Guardian - UK

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.

Fortune

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Trump Fires Fed Governor Lisa Cook, Cites 'False Statements' On Mortgage Agreements As Reason: 'Deceitful And Potentially Criminal Conduct'

President Donald Trump fired Lisa Cook, a member of the Federal Reserve Board of Governors, on Monday.

Benzinga

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 fires Federal Reserve governor Lisa Cook — she says she’s not going anywhere

Cook rejects Trump’s allegations that she may have falsified records for her mortgage and vowed to push back against the president’s ‘attempted illegal action’

The Independent UK

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.

Al Jazeera

Trump news at a glance: president takes on supreme court with order to criminalise flag burning

Trump attempts to go around court’s 1989 ruling that right to burn flags is protected speech – key US politics stories from Monday 25 August

The Guardian - US

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...

Barchart

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...

Barchart

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Fortune

The Federal Reserve could start resembling the Supreme Court

Fed governors typically step down before their terms expire, but they may stay on until a president from their political party is in the White House.

The Guardian - US

‘Pattern of lawfare’: Trump is targeting opponents with mortgage fraud claims

First Letitia James, then Adam Schiff and now president has trained his ire on Lisa Cook, threatening to fire Fed governor

Benzinga

Trump Mocks Biden's Fed Board After Powell's Jackson Hole Speech, Labels Chair 'Too Late,' Puts Red X On Cook As President Teases Top Successor

President Donald Trump escalated his Federal Reserve confrontation Friday, threatening to fire Governor Lisa Cook while mocking Chair Jerome Powell as “Too Late” in a Truth Social post that divided Fed board members into opposing camps.

Barchart

Dollar Sinks as Fed Rate Cut Expectations Increase

The dollar index (DXY00 ) on Friday fell by -0.90%. The dollar retreated from a 1.5-week high on Friday and sank to a 3.5-week low on dovish comments from Fed Chair Powell, who said downside risks to employment are rising and the shifting balance of risks may warrant adjusting monetary...

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We Got This Covered

‘Strongest signal yet’: Donald Trump’s latest power play is just another episode of ‘King for a Day’

Unfortunately, not everyone’s impressed by his royal tantrums.

Fortune

Moments after Jerome Powell’s latest speech, Trump threatens to fire Fed governor Lisa Cook if she doesn’t resign

Two days earlier, the suddenly embattled Fed governor Lisa Cook said she had “no intention of being bullied to step down.”

The Guardian - US

Fed chair Jerome Powell signals interest rate cuts amid Trump attacks

Powell – whom Trump has urged to resign – addressed ‘challenging’ dichotomy of economic risks, including tariffs

Benzinga

Peter Schiff Dismisses Trump Claim That Fed Rate Cut Will Help Homeowners, Says Maybe Jerome Powell Is 'Helping Housing'

Economist Peter Schiff challenged former President Donald Trump's claim that Federal Reserve Chair Jerome Powell is hurting the housing market by delaying rate cuts, arguing the opposite effect is more likely.

International Business Times

Under Trump Pressure, US Fed Chief To Walk Tightrope In Speech

US Federal Reserve chief Jerome Powell is expected to walk a fine line while delivering a closely watched speech at a central banking conference on Friday, as he faces down attacks from President Donald Trump alongside mixed economic data.

Barchart

Stocks Settle Lower as Bond Yields Rise on Hawkish Fed Comments

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down by -0.40%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -0.46%. September E-mini S&P futures (ESU25 ) fell -0.40%, and September...

Barchart

Dollar Moves Higher on Hawkish Fed Comments

The dollar index (DXY00 ) on Thursday rose by +0.41% and posted at a 1.5-week high. The dollar garnered support from hawkish Fed comments. Kansas City Fed President Jeffrey Schmid said “modestly restrictive” monetary policy is still appropriate due to inflation risks. Meanwhile, Cleveland Fed President Beth Hammack said she...

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