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The Latest Breaking News from US Federal Reserve

Elizabeth Warren Blasts Trump's 'Authoritarian Power Grab' In Dismissal Of Fed's Lisa Cook, Says Court Will 'Overturn' It

Elizabeth Warren (D-Mass.) criticized President Donald Trump for dismissing Lisa Cook, a Federal Reserve Governor, and described it as an “authoritarian power grab.”

Benzinga

Trump's Firing Of Lisa Cook Could Hand Him A Rare FOMC Majority That Could Block 'Regional Fed Presidents From Being Reappointed,' Says Craig Shapiro

President Donald Trump‘s firing of Federal Reserve Governor Lisa Cook on Monday could trigger a significant power shift within the central bank, potentially creating a Trump-appointed majority on its board and raising concerns over the future of regional Fed presidents, explained the macro strategist at the Bear Traps Report, Craig…

Benzinga

First Thing: Trump says he is firing Fed governor Lisa Cook in escalating attack on bank’s independence

Cook has said that Trump ‘has no authority’ to remove her from the job over over allegations she committed mortgage fraud. Plus, a look at the AI-led agency advocating for ‘AI rights’

The Guardian - UK

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Global selloff in the markets: Investors got a look at a world where the dollar isn’t a reliable reserve currency and decided they didn’t like it

Some hopes emerged as investors focused on the Fed’s institutional strength.

Fortune

Trump’s threat to fire another Fed member has Wall Street weighing the price of ‘wrecking institutions’ with ‘scapegoat economics’

While UBS’s Paul Donovan told clients the attempt was “completely unprecedented,” Wharton’s Jeremy Siegel argued her ousting adds “noise but little substance” compared with the Fed’s longer-term policy pivots.

Fortune

Stock Index Futures Fall as Fed Independence Concerns Resurface, U.S. Economic Data on Tap

September S&P 500 E-Mini futures (ESU25) are down -0.16%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.19% this morning as investors weigh U.S. President Donald Trump’s move to oust Federal Reserve Governor Lisa Cook and fresh tariff threats.

Barchart

Was Lisa Cook Unfairly Targeted? Trump Fires First Black Woman on Fed Board Over Fraud Claim

Trump fires Fed Governor Lisa Cook, citing 'sufficient cause' over mortgage fraud claims. Cook denies wrongdoing and vows to fight the dismissal in court.

International Business Times UK

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Stock Market Today: S&P 500, Nasdaq 100 Futures Slip After Trump Fires Fed Governor Lisa Cook—Interactive Brokers, PVH Corp, Okta 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.

Benzinga

Trump officials puts Fema staffers on leave for signing open letter criticizing administration – as it happened

White House retaliates against employees who said current leaders’ approach could result in disaster on level of Hurricane Katrina

The Guardian - US

It’s time to unmask the Trump tariffs for what they really are: A giant national sales tax that will hobble growth

Trump is effectively putting more money in families’ pockets with one hand, and taking a big chunk of it back with the other.

Fortune

Trump orders removal of Federal Reserve governor

IN FULL

The Independent UK

Risk of French government collapse sends jitters through markets

Major European stock indexes opened lower on Tuesday, with the CAC 40 in Paris leading losses, following news that the French government may be ousted next month.

Euronews

UK retail stocks tumble as Deutsche Bank cuts ratings, French market drops on political fears - as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Morgan Stanley Sees Fed Rate Cuts Starting In September After Powell's Jackson Hole Shift — Forecasts Steady Easing Through 2026

Investment bank Morgan Stanley says that the Federal Reserve will begin cutting interest rates starting in September, reversing its prior views of the Fed choosing to hold rates steady through March 2026.

Benzinga

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The Guardian - US

Federal Reserve governor Lisa Cook to sue Trump administration over its attempt to fire her

Cook’s attorney said the president has ‘no authority’ and ‘lacks any factual or legal basis’ to fire the Fed governor

Roll Call

Trump says he's removing Federal Reserve board member - Roll Call

President Donald Trump fired Federal Reserve governor Lisa Cook on Monday night, likely teeing up a legal battle over the Fed's independence.

Benzinga

Bitcoin 65% Crash Risk Returns As Fed Liquidity Evaporates: Not Just 'Paper Hands'

GLJ Research analyst Gordon Johnson issued a warning about Bitcoin (CRYPTO: BTC) facing a potential 65% crash as Federal Reserve cash reserves reach critically low levels.

Euronews

Trump removes Fed Governor Lisa Cook over mortgage fraud dispute

Last week, Cook emphasised she wouldn't leave her post after the US president called for her resignation on social media, linked to an accusation from one of his officials that she committed mortgage fraud.

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International Business Times

Asian Stocks Down After Trump Fed Firing, Tariff Threats

Asian stocks retreated Tuesday after a series of market-rattling announcements by US President Donald Trump, including the unusual firing of a central bank official and threats to impose export controls on microchips.

The Independent UK

Asian shares decline following Wall Street's dip

Asian shares are lower following a broad decline on Wall Street that reversed some of the big gains from last week

The Guardian - UK

What Trump’s move to fire Fed governor means for central bank’s independence

The US president has said he is firing Lisa Cook over mortgage fraud allegations – a move experts view as a means to exert more control

Fortune

Trump declares war on the Fed, setting up a titanic struggle for world's most important central bank

“President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” Cook said.

International Business Times

Trump Moves To Fire A Fed Governor Over Mortgage Fraud Claims

US President Donald Trump moved to fire Federal Reserve Governor Lisa Cook "effective immediately" on Monday, citing allegations of false statements on her mortgage agreements -- as he expanded pressure on the independent central bank.

The Independent UK

Trump fires Federal Reserve governor Lisa Cook — she says she’s not going anywhere

Cook rejects Trump’s allegations that she may have falsified records for her mortgage and vowed to push back against the president’s ‘attempted illegal action’

Barchart

Fed’s Jerome Powell Warns of Substantial ‘Uncertainty’ From ‘Significantly Higher Tariffs’ and ‘Abrupt Slowdown in Labor Force Growth’

At the central bank conference in Jackson Hole on Friday, Federal Reserve Chair Jerome Powell warned that a new set of policy-driven shocks is reshaping the U.S. outlook, underscoring how “significantly higher tariffs” are remaking global trade while tighter immigration policy has produced an “abrupt slowdown in labor force growth.”

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