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The Latest Breaking News from Lisa Cook

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

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

Plus: Pam Bondi flunks free speech 101.

Reason

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

The Guardian - US

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read the most diverse news in one place.

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.

Euronews

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

The Guardian - US

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.

Al Jazeera

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 Independent UK

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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

The Guardian - US

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.

Benzinga

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

This live blog is now closed

The Guardian - US

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.

International Business Times

Does anyone go to prison for federal mortgage fraud? Not many, the numbers suggest

Mortgage fraud is back in the news. Lisa Cook, a Federal Reserve governor, is being investigated by the Department of Justice for allegedly making false statements when applying for a mortgage. Members of Donald Trump’s Cabinet are accused of similar wrongdoings. Could any of these people go to prison?

The Conversation

First Thing: Israel has committed genocide in Gaza, says UN commission of inquiry

The commission also accused Benjamin Netanyahu of inciting genocide. Plus, Donald Trump files $15bn lawsuit against the New York Times

The Guardian - UK

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Fortune

‘Peak Goldilocks’: The markets have bought the Fed rumors — watch for them to sell on the news

Markets will move on Wednesday after Wall Street parses Cook’s statement and his Q&A for clues about future rate cuts beyond Wednesday.

Fortune

Trump is pushing for a 'big cut' from the Fed—but he's already on a losing streak

Trump failed to oust Fed Governor Lisa Cook and is unlikely to get the steep rate cut he demands, as Powell and the FOMC weigh weaker jobs data.

Benzinga

Stock Market Today: Nasdaq Futures Gain, Dow Slips As FOMC Begins Its 2-Day Meet — Tesla, Adtran, Ferguson In Focus (UPDATED)

Editor’s Note: The future prices of benchmark tracking ETFs, the lede, and the latest economic releases were updated in the story.

The Guardian - US

Charlie Kirk murder suspect told he faces death penalty if convicted in first appearance – as it happened

Tyler Robinson makes virtual court appearance charged with seven counts including aggravated murder; next court date set for 29 September

Get all your
news in one place.

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Euronews

Appeals court rejects Trump's bid to unseat Fed governor Lisa Cook

The White House campaign to unseat Cook marks an unprecedented bid to reshape the Fed’s seven-member governing board, which was designed to be largely independent from day-to-day politics.

Euronews

Senate approves White House’s Stephen Miran to serve on Fed board

The vote to confirm Stephen Miran was largely along party lines, 48-47.

Al Jazeera

US appeals court blocks Trump’s bid to fire Lisa Cook from Federal Reserve

Cook’s claim that she was denied due process has a ‘strong likelihood of success’, court rules

The Guardian - US

US court foils Trump bid to fire Lisa Cook from Federal Reserve board

Decision comes before Fed policy meeting where officials are expected to cut US interest rates

Benzinga

Elizabeth Warren Says Trump Can't 'Scapegoat' His Failure As Appeals Court Rejects Attempt To Unseat Lisa Cook Ahead Of Key FOMC Meeting

In a major setback for President Donald Trump, a U.S. Appeals Court for the District of Columbia denied an emergency motion to remove Federal Reserve Governor Lisa Cook, allowing her to participate in this week’s Federal Open Market Committee meeting.

Axios

Appeals court rules Fed governor Cook can continue to serve

The ruling comes ahead of the Fed's two-day policy meeting that starts Tuesday.

The Guardian - US

Trump official confirmed to Fed board but court rejects Lisa Cook removal bid

Senate votes 48-47 to confirm Stephen Miran as Fed governor but court rules Cook may remain in place

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