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The Latest Breaking News from Lisa Cook

Supreme Court to hear arguments on Trump firing of Fed member

The Supreme Court is set to hear arguments Wednesday over President Donald Trump's power to remove a member of the Federal Reserve Board.

Roll Call

’Absolutely, positively no chance, no way, no how, for any reason’: Dimon says he'd never run the Fed but ‘would take the call’ to lead Treasury

The JPMorgan Chase CEO said he’s not willing to give up being his own boss.

Fortune

The Jerome Powell investigation shows Trump’s need for limitless power

The inquiry into the Federal Reserve chair sends a message to anyone standing in Trump’s way – including the supreme court

The Guardian - US

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‘Agent of chaos’ Bill Pulte and Jeanine Pirro behind DOJ investigation of Fed Chair Jerome Powell, report claims

Chairman has dismissed probe as a political attack brought about because he refuses to lower interest rates in line with ‘the preferences of the president’

The Independent UK

Why is Trump’s justice department investigating Fed chair Jerome Powell?

Powell publicly denounced the inquiry as punishment for not bowing to the president’s wishes on interest rates

The Guardian - US

Republicans slam Powell probe as ‘coercion’ as Trump tries strong-arming central bank

GOP pushback could imperil Trump’s efforts to remake the central bank’s board in his own image

The Independent UK

Bill Pulte: How Trump's housing regulator became an attack dog

Pulte has been putting the pressure on Jerome Powell for months.

Axios

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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

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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The Conversation

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 Guardian - US

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

Kiplinger

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.

Roll Call

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.

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The Guardian - US

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 Independent UK

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 Guardian - US

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’

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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