Judge Did Not Rule On The Dismissal Of Fed's Cook Today; Asked Both Parties To Submit Subsequent Court Documents Next Tuesday

President Donald Trump overstepped his authority to place emergency tariffs on most goods imported into the US, a federal appeals court said in a sweeping decision today that will remain on hold until at least 14 October. The US Court of Appeals for the Federal Circuit, in a split 7-4 ruling, affirmed a lower court ruling from May that said Trump did not ...

The Justice Department has filed a response to Federal Reserve Governor Lisa Cook's lawsuit over her Monday firing - claiming that the President was within his right to boot her over allegations of mortgage fraud (with a third property disclosed by Federal Housing Finance Agency (FHFA) Director Bill Pulte last night), and that Cook is "highly unlikely to ...

Federal Reserve governor Christopher Waller on Thursday said he now supports a series of interest-rate cuts beginning in September, with the pace of subsequent moves driven by the incoming data. Waller had urged the Fed to cut rates at its last meeting in July, and he said he is more sure now that it was the right call. "Let's get on with it," Waller said ...