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Trump Live Updates: Lutnick Keeps Up Attacks on Fed Governor
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 investors care deeply about the governance of the Federal Reserve, the annoucement has little immediate impact on the central bank’s policies and therefore little immediate impact on corporate America. Major stock indicies were trading flat, but shorter-dated bond yields did nudge lower, which may reflect slightly higher odds of a more Trump-aligned Federal Reserve.
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theguardian.com
Trump fires Fed governor Lisa Cook after allegation of mortgage fraud
Departure of Cook, first Black woman to sit on central bank’s board, will allow US president to tap replacement
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huffpost.com
Trump Fires Fed Governor Lisa Cook, Opening New Front In Fight For Control Over Central Bank
Trump says he is firing Federal Reserve governor Lisa Cook, a significant escalation in his continued attack on the central bank.
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cnbc.com
Trump says he's removing Fed Governor Lisa Cook, cites mortgage fraud allegations
President Donald Trump's removal of a Federal Reserve governor could end up being challenged at the Supreme Court.
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bbc.com
Trump orders removal of Federal Reserve governor Lisa Cook
The US president posts a letter addressed to Cook in which he informed her of his decision.
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What Trump’s firing of Fed governor means for central bank’s independence
The US president fired Lisa Cook over mortgage fraud allegations – a move experts view as a means to exert more control
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nytimes.com
Trump Says He Is Firing Lisa Cook From Fed Board of Governors
President Trump told Lisa Cook that he had found sufficient cause “to remove you from your position.” Ms. Cook and her lawyer said they would fight the firing.
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upi.com
Trump fires Federal Reserve governor Lisa Cook - UPI.com
President Donald Trump on Monday fired Federal Reserve Governor Lisa Cook as he continues to feud with her boss over lowering interest rates.
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thetimes.com
Business live: Trump says he’s firing Fed governor Lisa Cook
US President alleges improprieties in obtaining mortgage loans but Cook claims he can’t get rid of her and she’s staying
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Trump’s move to fire Federal Reserve governor rattles markets, as US dollar falls – business live
Rolling coverage of the latest economic and financial news
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economist.com
Trump “fires” Lisa Cook, escalating his war on the Federal Reserve
There is little precedent: no Fed governor has been dismissed for cause before
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Treasury yields mixed after Trump orders removal of Fed Governor Lisa Cook
U.S. Treasury yields were mixed after U.S. President Donald Trump moved to fire Federal Reserve Governor Lisa Cook from the central bank board.
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aljazeera.com
Will Trump’s latest attack on the Fed erode central bank’s independence?
President Trump has said will fire Lisa Cook over alleged financial fraud, which could hand him more control of the Fed.
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Trump’s Latest Fed Jab Breeds More Dismay Than Drama
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…
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Trump Live Updates: Lutnick Keeps Up Attacks on Fed Governor
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…
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Fed mum on whether Lisa Cook is at the office after Trump removed her from board
Abbe Lowell, a lawyer for Lisa Cook, says that President Trump's move to remove her as a Federal Reserve Board governor is "illegal."
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Lutnick suggests Lisa Cook's refusal to accept Trump firing from Fed supports fraud claim
Commerce Secretary Howard Lutnick punted when asked if President Trump would fire Federal Reserve Chair Jerome Powell if he allowed Cook to stay on the job.
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Trump’s Attempt to Fire the Fed’s Lisa Cook Risks Global Economic Stability
President Trump’s attempt to fire Lisa Cook, a Fed governor, will set off a long legal battle. Economists warn it could lead to higher inflation and government borrowing costs.
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fortune.com
Investors are salivating over rate cuts as Trump's firing of Lisa Cook opens the door for a GOP Fed majority: 'This is very positive'
It's more important to have a dovish Fed than an independent one, investor Jay Hatfield told Fortune.
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Fed responds to Trump effort to fire Lisa Cook
Federal Reserve Board Governor Lisa Cook hired Abbe Lowell to fight her termination by President Trump for a case that could land at the Supreme Court.
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Stock Market Reaction Is Muted After Trump’s Threats to Lisa Cook and the Fed
The market reaction was muted after President Trump moved to fire the Federal Reserve governor Lisa Cook. One economist likened the response to a frog in “gently heating” water.