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The Latest Breaking News from Lisa Cook

The FOMC has the power to pick its own chair and could keep Powell—unless the DOJ probe and Supreme Court let Trump oust him from the Fed

Powell actually wears two hats: He is chair of the Fed’s Board of Governors and chair of the Federal Open Market Committee.

Fortune

US opens criminal investigation into Fed Chair Jerome Powell

Powell said the investigation, linked to a testimony he gave to a Senate committee about renovations to Fed buildings, was an attempt to limit central bank independence.

Euronews

Transgender Athletes, Guns, and the Federal Reserve: 3 SCOTUS Cases To Watch in January

The Supreme Court’s January docket is packed with big cases.

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

How Trump's agenda lands at the Supreme Court in 2026

Trump has relied heavily on emergency appeals during his second term thus far.

Axios

Fed up: inside Trump’s unprecedented bid to exert control over the US central bank

The US president and his allies spent 2025 attacking the Federal Reserve amid a rollercoaster year for the US economy

The Guardian - US

No one’s happier about calls for a ‘back-seat’ Fed than Fed insiders who were targeted by the White House this year

“How much can truly change under a single administration?” I asked one source. “Three years is a long time yet,” came the response.

Fortune

The Fed may have reassured Powell that it's safe to leave the board early when a new chair takes over. 'I think he's done with this job'

Given Powell's commitment to Fed independence, there were doubts that he would leave the board when his replacement as chair comes in.

Fortune

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Trump is close to naming the new Federal Reserve chief. His choice could raise the risk of stagflation

US President Donald Trump has signalled in an interview with the Wall Street Journal he is close to announcing his pick for the next chair of the US Federal Reserve.

The Conversation

Trump had two mortgages he claimed were primary dwellings, records show

President did same thing his administration is now calling ‘mortgage fraud’ in case against Fed governor Lisa Cook

The Guardian - US

December Fed Meeting: Updates and Commentary

The December Fed meeting is one of the last key economic events of 2025, with Wall Street closely watching what Chair Powell & Co. will do about interest rates.

Kiplinger

Supreme Court to hear oral arguments on Rebecca Slaughter firing - Roll Call

The Supreme Court is set to hear arguments Monday over President Donald Trump’s decision to fire Federal Trade Commissioner Rebecca Slaughter.

Roll Call

Lawyers for Fed governor accuse Trump administration of ‘cherry-picking’ facts in fraud case

Lisa Cook’s lawyer details defense against accusations she misrepresented residences to get better mortgage rate

The Guardian - US

Fed's Cook blasts mortgage fraud allegations against her as 'baseless' in letter to AG Bondi

Lawyers for Federal Reserve Governor Lisa Cook on Monday disputed allegations by a Trump administration official that she committed mortgage fraud, an accusation that President Donald Trump used as a basis for seeking to fire her

The Independent UK

Democrat Eric Swalwell faces federal criminal inquiry for alleged mortgage fraud

Latest target of Trump’s retribution campaign says ‘only thing I am surprised about is that it took him this long’

The Guardian - US

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Kiplinger

What's Next for the Fed — as an Institution?

The U.S. central bank was already contending with economic challenges. Now comes a political one.

Barchart

Stocks Close Higher on M&A and AI Optimism

The S&P 500 Index ($SPX ) (SPY ) on Monday rose +0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell -0.52%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose +0.37%. December E-mini S&P futures (ESZ25 ) rose +0.09%, and December E-mini Nasdaq futures (NQZ25 ) rose...

The Guardian - US

The mortgage fraud case against Letitia James is ‘bupkis’, experts say

‘Are you really going to believe the attorney general of New York would commit this over $600 a year?’ says one lawyer

The Independent UK

How Bill Pulte learned the art of the attack, from his own family to Letitia James

Bill Pulte has become a significant player in the Trump administration

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news in one place.

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Benzinga

BoE Warns Of Twin Market Risks: Bursting Of AI Valuation Bubble, Loss Of Faith In Fed's Independence Could Trigger Sharp Correction

The Bank of England has warned that the loss of confidence in the U.S. Federal Reserve's independence or a reversal in AI-driven market optimism could trigger a global selloff.

The Guardian - US

Tariffs, ‘conversion therapy’ and mail ballots: key US supreme court cases to watch this term

Trump has voiced strong views on many of the issues the US high court will be tackling as justices assemble for new term

Axios

Trump's push for executive control runs into a hurdle: economic independence

On Tuesday, the White House withdrew E.J. Antoni's nomination to run the BLS.

Axios

Trump pits the Supreme Court against its own precedents

Trump needs the court to validate his sweeping view of presidential power.

Reason

How To Fix College

Plus: The Dignity of Dependence, infinite scroll, ZIRP narratives, and more...

Benzinga

Supreme Court Thwarts Trump's Bid For Immediate Removal Of Fed Governor Lisa Cook

The Supreme Court has ruled in favor of Lisa Cook, a Federal Reserve governor, allowing her to remain in her position for now, putting a temporary halt to the Trump administration’s immediate dismissal efforts.

Euronews

Supreme Court lets Lisa Cook remain a Federal Reserve governor for now

Fed governor Cook will be able to take part in the remaining two Fed meetings in 2025, including the next meeting of its interest rate-setting committee in late October.

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