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What's next in the legal fight between Fed governor Lisa Cook and President Trump
Cook and Trump will have to wait for a ruling, with more filings expected President Donald Trump is trying to fire Federal Reserve governor Lisa Cook, shown here in 2022 with her hand raised as she take the oath of office to serve as a member of the Fed's Board of Governors. Federal Reserve governor Lisa Cook and the Trump administration had their day in court Friday - but all parties will have to wait longer for a ruling in a case that could have serious implications for the central bank's independence. How much longer? That's unclear, as some observers have predicted that the case - involving allegations of ... (full story)
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Steps by US President Donald Trump to remove Federal Reserve Chairman Jerome Powell or Fed governor Lisa Cook would represent a very serious danger for the US economy and the world economy, said European Central Bank President Christine Lagarde on Monday. Trump has repeatedly attacked the Feds chair, Jerome Powell, for not cutting the short-term interest ...
From apnews.com | Aug 31, 2025
President Donald Trumps attempt to fire a member of the Federal Reserves governing board has raised alarms among economists and legal experts who see it as the biggest threat to the central banks independence in decades. The consequences could impact most Americans everyday lives: Economists worry that if Trump gets what he wants a loyal Fed that ...