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The Latest Breaking News from Lisa Cook

Lisa Cook Case Sets Off Supreme Court Alarm as 'For Cause' Firing Puts Fed Stability at Risk

The Supreme Court weighs whether Trump can fire Fed governor Lisa Cook 'for cause', raising concerns over Fed independence and economic stability.

International Business Times UK

Taco Thursday: European and US stocks rise after Trump ‘chickens out’ over tariffs

Gains come after US president says he will not use military force to acquire territory and cites ‘framework deal’

The Guardian - US

Dow Soars 588 Points as Trump Retreats: Stock Market Today

Another up and down day ends on high notes for investors, traders, speculators and Greenland.

Kiplinger

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Supreme Court airs doubts over Trump’s power to fire Fed member

The Supreme Court appeared ready to rule against President Donald Trump’s push to immediately remove Federal Reserve Board member Lisa Cook.

Roll Call

Greenlandic lawmaker says Nato has no mandate to negotiate nation’s status – as it happened

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The Guardian - US

US supreme court appears skeptical of Trump’s bid to oust Lisa Cook from Fed board

Conservative and liberal judges questioned administration over president’s authority to fire without due process

The Guardian - US

A stooge in the US Fed could blow out inflation in Australia – but Trump is unlikely to get his way

Global consequences likely to be severe if the president is able to take control of US central bank

The Guardian - AU

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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

‘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

Fed chair turns whistleblower on Trump

The Justice Department's legal action against Powell for maintaining Fed independence could backfire on Trump

Salon

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Axios

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

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

Fortune

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.

Euronews

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.

Reason

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.

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Axios

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

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

The Guardian - US

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

Fortune

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.

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.

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