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The Latest Breaking News from Lisa Cook

Jerome Powell says Congress and the private sector, not the Fed, are responsible for ‘the things that will really matter for future generations’

Powell is nearing the end of a tumultuous second term.

Fortune

Legal groups resist Trump authoritarian moves with pro bono work

Groups of lawyers battling to get clients’ jobs back, avoid prosecutions or recoup money that has been illegally blocked

The Guardian - US

Trump orders attorney general to prosecute his political enemies straight away: ‘We can’t delay any longer’

'Imagine if Richard Nixon had just tweeted out the Watergate scandal rather than putting it on secret tapes,' says Hillary Clinton

The Independent UK

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Why Trump’s attacks on the Fed’s independence are so dangerous

The Federal Reserve cut interest rates this week. But the aggressive action Trump seeks could dramatically backfire

The Guardian - US

Trump Calls On Attorney General Pam Bondi To Act Swiftly Against Political Foes, Criticizes Justice Department For 'All Talk, No Action'

President Donald Trump publicly urged Attorney General Pam Bondi to pursue criminal charges against several political figures, expressing frustration with what he called delays in the Justice Department's investigations.

Benzinga

Powell showed he's still 'firmly in control' after White House adviser Miran's first FOMC meeting, former Fed official says

"Their actions demonstrate integrity, commitment to the Fed’s mission and the importance of sustaining the central bank’s independence."

Fortune

US Attorney Erik Siebert Resigns After Refusing Trump Pressure To Pursue Criminal Case Against NY AG Letitia James: Report

On Friday, U.S. Attorney Erik Siebert resigned after reportedly refusing pressure from the Donald Trump administration to pursue a criminal case against New York Attorney General Letitia James despite investigators finding no evidence of fraud.

Benzinga

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Lost in humiliation of $354M penalty, Donald Trump is hellbent on revenge

No evidence of fraud? Charge her anyway or you're fired.

We Got This Covered

The U.N. Pullout

Plus: Eric Adams pursues trans bathroom policy change, SCOTUS to rule on Lisa Cook firing, and more...

Reason

Attorney investigating Trump critics resigns after pressure from officials – as it happened

Trump said ‘I want him out’ about Erik Siebert, who was investigating New York attorney general Letitia James and former FBI director James Comey. This blog is now closed.

The Guardian - US

Trump news at a glance: president threatens other TV networks amid Jimmy Kimmel fallout

Donald Trump suggests networks that carry critical coverage should lose licenses, amid calls for boycott of ABC owner Disney – key US politics stories from 18 September 2025

The Guardian - US

‘This is the President’s unreviewable discretion’: Trump begs Supreme Court to fire Federal Reserve Governor Lisa Cook

Why does the president ask for this so often?

We Got This Covered

Supreme Court to hear Trump tariff case Nov. 5, as Cook appeal looms

A federal appellate court last month struck down many of the tariffs imposed by President Trump.

Axios

Trump administration asks supreme court to allow firing of Fed’s Lisa Cook

Request sets stage for historic test of presidential power as Trump pursues greater control of the Federal Reserve

The Guardian - US

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Reason

Trump's 'Firing' of Lisa Cook Is Headed for SCOTUS

Plus: Pam Bondi flunks free speech 101.

The Guardian - US

The Federal Reserve’s independence is about to be tested like never before

Donald Trump wants drastic rate cuts – and his campaign to exert greater political control over the Fed continues

Euronews

Federal Reserve cuts key interest rate for the first time this year

Fed officials, in a set of projections also released on Wednesday, signalled that they expect to reduce their key rate twice more this year, but just once in 2026.

The Guardian - US

Federal Reserve cuts US interest rates for first time since December

Central bank moves to set rates at range between 4 and 4.25% but decision unlikely to satisfy Donald Trump

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Al Jazeera

US Federal Reserve cuts interest rates for the first time since December

The central bank’s widely-expected 0.25% cut comes amid a cooling labour market, which has stalled economic growth.

The Independent UK

Jerome Powell finally does it: Federal Reserve cuts interest rates a quarter of a percent

The rate cut comes as Trump stages an unprecedented assault on independence of the Federal Reserve

The Guardian - US

Federal Reserve cuts interest rates by a quarter point, for first time in nearly a year – as it happened

Rates now stand at a range of 4% to 4.25% as reduction comes amid concern of political pressure on independent central bank from Trump

Benzinga

Changes In Bond Yields After Trump Targeted Lisa Cook Suggest Inflation Would Be Lower If He Took Over The Fed

Is it possible that inflation would actually be lower if President Donald Trump took over the Federal Reserve? While some critics believe a potential Trump takeover of the Fed would result in higher inflation and higher interest rates, not everyone is convinced.

The Guardian - US

Democrats to introduce a No Political Enemies (Nope) act, to protect government critics – as it happened

This live blog is now closed

International Business Times

US Fed Set For First Rate Cut Of 2025 As Trump Pressure Looms

The US Federal Reserve is poised to make its first interest rate cut of 2025 on Wednesday, but it battles competing forces in the path forward -- with heightened political pressure and likely divisions among its ranks.

International Business Times

US Fed Opens Key Meeting After Trump Aide Sworn In As Governor

The US Federal Reserve started a key interest rate meeting Tuesday, hours after Donald Trump's new appointee narrowly won confirmation to join the central bank -- while another top official fights her removal by the president.

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