Rolling coverage of the latest economic and financial news

Departure of Cook, first Black woman to sit on central bank’s board, will allow US president to tap replacement

Trump says he is firing Federal Reserve governor Lisa Cook, a significant escalation in his continued attack on the central bank.

President Donald Trump's removal of a Federal Reserve governor could end up being challenged at the Supreme Court.

The US president posts a letter addressed to Cook in which he informed her of his decision.

The announcement marked the latest in a series of moves by the Trump administration to expand pressure on the central bank.

Seit Wochen fährt das Weiße Haus eine Kampagne zur Schwächung der Federal Reserve. Nun glaubt Donald Trump, einen triftigen Grund gefunden zu haben. Ein Gefolgsmann lieferte ihm…

The US president fired Lisa Cook over mortgage fraud allegations – a move experts view as a means to exert more control

Donald Trump entlässt Fed-Gouverneurin Lisa Cook mit sofortiger Wirkung. Grund sollen angebliche falsche Angaben in Hypothekenverträgen sein. Trump hatte zuvor bereits…

President Donald Trump on Monday fired Federal Reserve Governor Lisa Cook as he continues to feud with her boss over lowering interest rates.

US President alleges improprieties in obtaining mortgage loans but Cook claims he can’t get rid of her and she’s staying

Rolling coverage of the latest economic and financial news

There is little precedent: no Fed governor has been dismissed for cause before

President Trump has ordered the removal of the central bank official - we unpack what it all means.

Trump accused of ‘cobbling together’ mortgage fraud allegations against Lisa Cook as top Democrats react furiously

Apart from rattling financial markets, the president's announcement is likely to touch off an extensive legal battle that will probably go to the Supreme Court.

President Trump has said will fire Lisa Cook over alleged financial fraud, which could hand him more control of the Fed.

Global investors were shell-shocked after Trump struck another blow at the Federal Reserve's independence, caught between the concerns over politicisation of policy and the…

Präsident Donald Trump entlässt Fed-Direktorin Lisa Cook. Fachleute zweifeln an, ob dieser Schritt legal ist. Jetzt steht die Unabhängigkeit der Federal Reserve auf dem Spiel.

Financial markets have so far largely brushed off President Trump’s announcement that he was firing Lisa Cook from the Federal Reserve board, which she has vowed to fight. While…

Lisa Cook refuses to resign after Trump announces her dismissal from the Federal Reserve.