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Fed Board

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SCOTUS weighs Trump’s bid to oust a sitting Fed governor
politics1 month ago

SCOTUS weighs Trump’s bid to oust a sitting Fed governor

The U.S. Supreme Court will hear oral arguments on Donald Trump’s bid to fire Federal Reserve Governor Lisa Cook, the first such attempt in 112 years, with Cook remaining on the board after a lower court blocked removal. Appointed by Biden in 2022, Cook is at the center of allegations of mortgage fraud, while the case tests the balance between presidential power and the Fed’s independence. The broader context includes scrutiny of the Powell DoJ investigations, though Powell is set to attend the hearing in person as the dispute over the central bank’s governance unfolds.

via The Guardian|
#donald-trump#fed-board#federal-reserve
Powell Dodges Question on Fed Board Future
economy1 month ago

Powell Dodges Question on Fed Board Future

Fed Chair Jerome Powell has not disclosed whether he will remain on the Fed board after his term ends in May, amid speculation driven by political pressures and the potential impact on Fed independence and interest rate policies. Most observers believe he will likely leave, but his decision remains uncertain, reflecting broader tensions between the Fed's independence and political influence.

via CNBC|
#economy#fed-board#fed-independence
Trump Seeks Supreme Court Approval to Remove Fed Governor Lisa Cook
world5 months ago

Trump Seeks Supreme Court Approval to Remove Fed Governor Lisa Cook

The Trump administration has petitioned the Supreme Court for an emergency order to remove Lisa Cook from the Federal Reserve's board, challenging a federal judge's ruling that her removal was likely illegal. Cook, appointed by President Biden, has refused to leave her post, and the case highlights unprecedented efforts by the Trump administration to influence the Fed's independence.

via AP News|
#fed-board#federal-reserve#lisa-cook
Trump administration seeks court order to remove Fed's Lisa Cook before key meeting
politics5 months ago

Trump administration seeks court order to remove Fed's Lisa Cook before key meeting

The Trump administration has filed an emergency appeal to remove Lisa Cook from the Federal Reserve's board of governors before a scheduled interest rate decision, following a court ruling that her initial removal was illegal. The case involves allegations related to her mortgage claims, which she denies, and could impact upcoming Fed rate cuts and the appointment of new board members.

via PBS|
#court-ruling#fed-board#interest-rate