Core Points - The Trump administration is seeking to fire Lisa Cook from the Federal Reserve's board of governors ahead of an important interest rate vote [1][5] - Cook's legal team argues that the administration has not provided sufficient cause for her dismissal, highlighting potential economic risks [2][4] - This situation marks a historic attempt by a president to influence the independent Federal Reserve, with Cook being the first governor targeted for removal [3] Legal Proceedings - The Trump administration filed a response to the U.S. Court of Appeals, claiming Cook's arguments against her firing are without merit [2] - Cook has initiated legal action to block her firing, and a federal judge previously ruled that the removal was illegal, reinstating her to the board [4] Allegations and Investigations - Allegations against Cook include claims of mortgage fraud related to her property declarations, which have led to a criminal referral to the Justice Department [3][4] - The administration's justification for firing Cook is based on these allegations, although her characterization of the properties may undermine the claims [4] Economic Implications - The administration's appeal comes just before a Federal Reserve meeting where a key interest rate decision is expected, with economists predicting a quarter-point cut [5]

Group 1 - The current Consumer Price Index (CPI) is at 2.9%, which is above the Federal Reserve's target of 2% [2][3] - Inflation is expected to continue accelerating due to higher tariffs and immigration policies affecting labor markets [3] - The job market is experiencing stagnation, with flat job growth, which may lead to interest rate cuts by the Federal Reserve [4][10] Group 2 - If CPI comes in lower than expected, it could open the door for a 50 basis point rate cut, which the market may react positively to [6][7] - The bond market is closely monitored by the Federal Reserve as it reflects investor sentiment regarding future monetary policy [9] - There is a possibility of six rate cuts priced in by the end of 2026, reflecting concerns about job market weakness and persistent inflation [11][12]

President Donald Trump on Wednesday appealed a federal judge’s order blocking him from firing Federal Reserve Governor Lisa Cook, the latest twist in a high-stakes lawsuit that could be headed to the Supreme Court. The notice of the appeal to the U.S. Court of Appeals for the D.C. Circuit was brief. The administration's next steps could include seeking an emergency pause to Cobb's order while the lawsuit proceeds.In a statement to Fox News Digital, White House spokesperson Kush Desai defended Trump’s decisi ...

Breaking news out of the White House here that President Trump now says he is appealing the judge's recent decision to allow Lisa Cook to return to work while her case plays out. He's appealing that order that blocked him from firing Federal Reserve Governor Lisa Cook. It's a very short appeal.All we know is that the president's legal team has now fired it with the US District Court for the District of Columbia. Of course, this coming just a day after the judge said that Cook was allowed to return to work i ...

And we are back on the halftime report. Let's get to our Megan Cassella in Washington with breaking news. Megan Frank, breaking news out of the White House here that President Trump now says he is appealing the judge's recent decision to allow Lisa Cook to return to work while her case plays out.He's appealing that order that blocked him from firing Federal Reserve Governor Lisa Cook. It's a very short appeal. All we know is that the president's legal team has now fired it with the US District Court for the ...

And we are back on the halftime report. Let's get to our Megan Cassella in Washington with breaking news. Megan Frank, breaking news out of the White House here that President Trump now says he is appealing the judge's recent decision to allow Lisa Cook to return to work while her case plays out.He's appealing that order that blocked him from firing Federal Reserve Governor Lisa Cook. It's a very short appeal. All we know is that the president's legal team has now fired it with the US District Court for the ...

US President Donald Trump speaks during a Religious Liberty Commission meeting at the Museum of the Bible in Washington, DC, US, on Monday, Sept. 8, 2025.President Donald Trump on Wednesday appealed a federal judge's order blocking him from firing Federal Reserve Governor Lisa Cook while a lawsuit challenging his removal of her continues.The appeal came a day after U.S. District Court Judge Jia Cobb, in her decision, said, "The public interest in Federal Reserve independence weighs in favor of Cook's reinst ...

Federal judge blocking President Trump from removing Lisa Cook from the Federal Reserve uh Board of Governors uh pending a legal challenge. Steve Leeman joins us now uh with the latest. Hey, Steve.Morning, Joe. Yeah, Fed Governor Lee Cook prevailing in every major legal point in a decision last night from a DC district court judge clearing the way for her to keep her job and participate at the upcoming Fed meeting. But the White House suggesting the case is not over yet.Uh, Judge Gia Cobb issued a prelimina ...

Core Viewpoint - Donald Trump's attempt to remove Lisa Cook from the Federal Reserve has been blocked by a federal judge, highlighting the ongoing tension between the Trump administration and the Fed's independence [1][4]. Group 1: Legal Developments - A federal judge ruled that the claims against Lisa Cook regarding mortgage fraud were likely insufficient for her removal from the Federal Reserve [2][4]. - The White House alleged that Cook inaccurately described properties on mortgage applications, potentially allowing her to secure lower interest rates and tax credits [3]. - Cook's lawyer emphasized the ruling as a reinforcement of the Federal Reserve's independence from political interference [13]. Group 2: Economic Context - Trump's calls for the Federal Reserve to cut interest rates have not been heeded, as the central bank remains focused on inflation concerns linked to the trade war [5][7]. - The potential for a rate cut may arise due to a deterioration in the employment market, which has been negatively impacted by the trade war [5]. - The Federal Reserve's dual mandate includes ensuring maximum employment while controlling inflation, which complicates the influence of political demands on monetary policy [7][12].

It’s the kind of bold forecast that grabs every trader’s attention: Goldman Sachs (GS) is predicting that gold (GCZ25) could surge to $5,000 by the end of next year. During the Sept. 5 Market on Close livestream, John Rowland, CMT, joined to unpack the story after Twitter Tom asked whether this prediction is realistic — or just a throwaway number. More News from Barchart www.barchart.com The Fed Independence Question At the core of Goldman’s call is the idea of Federal Reserve independence. If the Fe ...