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The Latest Breaking News from Lisa Cook

The dollar index (DXY00 ) today is up by +0.37%. Today's weakness in stocks is boosting liquidity demand for the dollar. Also, higher T-note yields today are supportive of the dollar. In addition, today's slump in the yen to a 1-month low on political risks in Japan is bullish for...

Barchart

Trump’s war on Fed is ‘serious danger’ to world economy, says ECB head

Christine Lagarde issues warning about risks of undermining central bank’s independence

The Guardian - UK

Trump quashes health concerns on Truth Social—‘never felt better in my life’—and tees up next battle with the Fed’s Lisa Cook

Trump pushes Judge Jia Cobb to recuse herself from his battle with Fed governor Lisa Cook, escalating tensions over the central bank’s independence.

Fortune

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

Fed independence ‘hangs by a thread’ after Trump moves to oust Lisa Cook

Efforts to oust Federal Reserve board member Lisa Cook and install allies could erode the bank’s autonomy, with consequences for inflation, market confidence and everyday borrowing.

Euronews

Trump Once Complained About Democrats Using Lawfare. He Is Now Going After His Political Opponents Using The Same Technique

President Donald Trump is unleashing accusations, escalating the threats to his political rivals, ideological opponents, critics, and federal officials who refuse to toe his line.

Benzinga

What would the Fed do in a tie vote? It's not clear, and the Bank of England had to break a deadlock this month

There have been three occasions when a vote on the FOMC passed by a one-vote majority, though the last time it occurred was in 1973.

Fortune

Donald Trump’s ‘illegal’ move could curse America with hyperinflation where even bread cost ‘$1000 more every day’

He doesn't understand or doesn't care about the consequences.

We Got This Covered

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‘Racist as hell’: Trump’s cabinet is almost all white, and he keeps firing Black officials

President’s targeting of Fed governor Lisa Cook highlights his efforts to remove diverse voices from government

The Guardian - US

Is Trump's payback tour blowing over the Atlantic?

Donald Trump is weaponizing the US government against his enemies - perceived and real, and his attacks are coming closer to Europe.

Euronews

Dollar Finishes Slightly Lower on Mixed US Economic Reports

The dollar index (DXY00 ) on Friday fell by -0.02%. The dollar gave up an early advance on Friday and turned lower following the weaker-than-expected August MNI Chicago PMI report and after the University of Michigan’s US August consumer sentiment index was revised lower. The dollar was also pressured by...

Barchart

Trump-Cook Battle Triggers Rush To Gold As Bullion Eyes New Records

Gold prices rallied Friday, inching near record highs, as a legal battle over President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook continued to stoke fears of political interference in U.S. monetary policy and triggered a rush to precious metals.

Benzinga

Mortgage Fraud Is Now A Trump-Era Flashpoint—Here's Everything You Need To Know

Mortgage fraud is a serious allegation, one that President Donald Trump has hurled toward three of his staunch critics: Federal Reserve Governor Lisa Cook, New York State Attorney General Letitia James and California Senator Adam Schiff.

Benzinga

Court Battle Underway As Fed Governor Cook Contests Firing By Trump

A US court on Friday began hearing Federal Reserve Governor Lisa Cook's challenge of President Donald Trump's attempt to fire her, in a legal battle set to have major implications for the US central bank and its independence.

International Business Times

Trump ally probing rivals’ ‘mortgage fraud’ speaks directly with the president - and skips typical DOJ hierarchy

EXCLUSIVE: Trump and ‘Special Attorney for Mortgage Fraud’ Ed Martin are speaking as often as four times per week as the GOP activist prepares to seek indictments against prominent Democrats

The Independent UK

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The Guardian - UK

The Guardian view on Trump and the Fed: independence is no substitute for accountability

Editorial: The US president’s move against Lisa Cook shows his despotic bent, but the Fed was never democracy’s guardian. It’s time to rethink who really controls money

The Guardian - UK

Step back and take it in: the US is entering full authoritarian mode

Trump’s dictator-like behaviour is so brazen, so blatant, that paradoxically, we discount it. But now it’s time to call it what it is, says Guardian columnist Jonathan Freedland

Roll Call

Senate Banking Democrats urge Scott to delay Fed nominee hearing - Roll Call

As Federal Reserve governor Lisa Cook fights for her job, Senate Banking panel Democrats say a hearing for a Fed nominee should be delayed.

Capital & Main

In Trump’s Push to Fire Fed Governor, a Curious Target

In seeking to oust Lisa Cook, President Trump attacks a likely ally on interest rates who happens to be the first Black woman in the job.

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news in one place.

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Barchart

Dollar Gains on Strength in US Economic Reports

The dollar index (DXY00 ) today is up by +0.05%. The dollar is climbing today on signs of strength in US consumer spending after July personal spending rose by the most in four months. Also, sticky inflation pressures are hawkish for Fed policy and are supportive for the dollar after...

Reason

Trump's Fed Coup

Plus: Beachy vignettes, Smithsonian scrutiny, Gavin Newsom might not be the Democrats' great new hope, and more...

Fortune

The first battle in the war on Fed independence takes shape today at Lisa Cook’s emergency hearing

Trump’s bid to oust Fed governor Lisa Cook faces a legal showdown as she sues to block her removal, escalating the fight over Fed independence.

We Got This Covered

‘I own the store and I set the prices’: Trump’s corporate extortion scheme turns America into his personal ‘giant department store’

The country looks more like China than America now.

The Guardian - UK

First Thing: White House picks Kennedy deputy Jim O’Neill to replace fired CDC chief

Ex-investment manager chosen as agency’s interim director after firing of Susan Monarez. Plus, how marijuana became the US Open’s new distraction

Benzinga

Stock Market Today: Dow, Nasdaq, S&P 500 Futures Tumble As PCE Index Ticks Up In July—Dell, Marvell, Alibaba Earnings 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

US appeals court rules most of Trump’s sweeping global tariffs illegal – as it happened

Ruling upholds decision from trade court while president attacks ‘Highly Partisan Appeals Court’ and says he will win tariff fight

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