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President Trump's move to fire Federal Reserve board of governors member Lisa Cook raised a host of questions over the unprecedented nature of his decision. Chief among them is whether the allegations he cited reach the standard of cause needed to oust her— and to win that fight legally. The president alleged Cook committed mortgage fraud by listing two…

Cracker Barrel climbed 8% after scrapping plans to change its logo following an uproar on social media that even drew a comment from President Trump. Treasury yields fell in the bond market. U.S. stocks edged higher in afternoon trading Wednesday ahead of a highly anticipated earnings update from computer chip giant Nvidia that may provide insights into the…

Today, U.S. Congressman Andy Barr, Chairman of the House Financial Services Subcommittee on Financial Institutions, backed President Trumps decision to remove Lisa Cook from the Federal Reserve Board of Governors. The Federal Reserve is the top bank regulator in the country. Federal Reserve Governor Lisa Cook has been accused of claiming two different homes…

The following information was released by the Federal Reserve Bank of Dallas:. Dallas Fed President Lorie Logan delivered this address to open the conference hosted by the Federal Reserve Banks of Dallas and Kansas City in Houston. This is the Dallas and Kansas City Feds seventh joint conference on energy, and the topic is more vital than ever.

The following information was released by the Federal Reserve Bank of Dallas:. Dallas Fed President Lorie K. Logan delivered these remarks at a Fed Listens roundtable with El Paso community leaders. And thank you all for joining us this afternoon in-person in El Paso or on the livestream.

The U.S. dollar fell against other major currencies during trading last night as investors watched the fallout from U.S. President Donald Trump's firing of Federal Reserve Governor Lisa Cook. While traders are focused on the possibility of the central bank cutting U.S. interest rates next month, this latest dismissal raises doubts about the institution's…

Financial markets worldwide have been rattled by President Donald Trump's announcement that he's firing Federal Reserve Governor Lisa Cook, an unprecedented move and sharp escalation in his effort to exert greater control over what has long been considered an institution independent from day-to-day politics. "President Trump purported to fire me' for…

The fate of Lisa Cook, who is fighting attempts by President Donald Trump to remove her from the Federal Reserve's Board of Governors, has huge implications for a keystone of good economic policy: central bank independence. At the heart of her firing attempt– and other moves to undermine the Fed by the Trump administration– is a power struggle.

So it appears now that President Trump has given the boot to Federal Reserve Board of Governors board member Lisa Cook. President Trump said late Monday he removed Federal Reserve Governor Lisa Cook from her post, following through on a threat to oust her if she refused to resign. "President Trump purported to fire me' for cause' when no cause exists under the law, and…

The following information was released by The Bank of Canada:. It is wonderful to be here in Mexico City with you to celebrate Banco de Mexico's 100th anniversary. For many central banks, including Banco de Mexico and the Bank of Canada, flexible inflation targeting1 has become our guiding light, helping us to achieve our monetary policy mandates.

Lisa Cook will sue President Donald Trump's administration to try to prevent him from firing her, her lawyer said Tuesday. "President Trump has no authority to remove Federal Reserve Governor Lisa Cook," said Abbe Lowell, Cook's lawyer and a longtime Washington figure who has represented prominent people from both major political parties.

One of the many criticisms the president has levied against the Federal Reserve is that high rates are making it too expensive for Americans to buy a home. In fact, if affordability is the goal, he should be pressing Republicans in Congress to pass a new piece of bipartisan legislation that would do more to address the problem. Traditionally, the help Congress has…

Wall Street capped a choppy day of trading Tuesday with slight gains for stocks, leaving the major indexes just below their recent all-time highs. The market's uneven start to the week comes after Wall Street notched big gains last week on hopes for interest rate cuts from the Federal Reserve. Dish Network parent EchoStar surged 70.2% after AT&T said it will buy…

One of the many criticisms the president has levied against the Federal Reserve is that high rates are making it too expensive for Americans to buy a home. If affordability is the goal, he should be pressing Republicans in Congress to pass a new piece of bipartisan legislation that would do more to address the problem. Traditionally, the help Congress has offered…

President Trump's move to fire Federal Reserve board of governors member Lisa Cook raised a host of questions over the unprecedented nature of his decision. Chief among them is whether the allegations he cited reach the standard of cause needed to oust her— and to win that fight legally. The president alleged Cook committed mortgage fraud by listing two…

Excerpts from recent editorials in the United States and abroad:. The Washington Post on the precedent of politicizing the Federal Reserve. On Monday night, Trump announced that he would try to fire Fed governor Lisa Cook, whose term otherwise expires in 2038.

The fate of Lisa Cook, who is fighting attempts by President Donald Trump to remove her from the Federal Reserve’ s Board of Governors, has huge implications for a keystone of good economic policy: central bank independence. At the heart of her firing attempt– and other moves to undermine the Fed by the Trump administration– is a power struggle.