The Dow off by 60 points. And welcome back to Money Movers on CNBC. President Trump moving to fire Federal Reserve Governor Lisa Cook.It's his latest threat against Fed independence. Joining us now, former Fed Governor Frederick Mishkin and former acting chairman of the Council of Economic Adviserss Toamas Phillips. Gentlemen, good to see you today.The chief economist for New Century Adviserss, Claudia S, uh sent out a pretty attention getting post on X. She says, if we could pull this, pull this up now. Do ...

Manufacturing & Supply Chain - Ethan Allen manufactures approximately 45% of its products in the US and 75% in North America [1][4] - The company also has manufacturing operations in Mexico and Honduras [1][3] - Ethan Allen's Mexican manufacturing benefits from the USMCA trade agreement, potentially shielding it from tariffs faced by competitors [1] - Maintaining a consistent level of quality across all manufacturing locations, including Mexico and Honduras, is crucial [6] Business Strategy & Brand - Ethan Allen has repositioned its business over the past 20-25 years, reducing the number of manufacturing plants, distribution centers, and retail service centers [2][3] - The company emphasizes its brand promise of classic American furniture and its US-based heritage [4] - Ethan Allen focuses on providing the right products, service, and quality, which are considered more important than just price [5] Market & Economic Factors - Consumer concern over economic conditions and interest rates is acknowledged as a potential impact on the business [7][8][9] - Ethan Allen's strong interior design network and customer relationships help to mitigate the impact of economic concerns [8]

If the president wants lower interest rates, he should stop trying to force the Fed's hand (via @opinion) https://t.co/PGQJGnpf4Q ...

President Trump has said he would fire Fed Governor Lisa Cook for alleged mortgage fraud. The announcement comes as the president seeks to ramp up his pressure on the US central bank to cut interest rates https://t.co/uHB22YmAs5 ...

Federal Reserve Independence & Political Interference - The core issue revolves around the independence of the Federal Reserve from political interference, particularly from the executive branch [2][7][13][26] - Concerns are raised that attempts to undermine the Fed's independence could weaken the American economy, potentially leading to increased costs and uncertainty for Americans [26][27] - The legality of President Trump's attempt to remove Lisa Cook is questioned, given the Federal Reserve Act of 1913 and the requirement for "cause" for dismissal [12][24] Lisa Cook's Situation - Donald Trump reportedly attempted to fire Lisa Cook, the first black woman on the Federal Reserve Board [1] - Lisa Cook's qualifications for the role are highlighted, noting her extensive experience and confirmation by the Senate for a 14-year term extending to 2038 [4][5][6] - The allegations against Lisa Cook are described as "baseless" and lacking due process, with concerns raised about the lack of investigation or legal basis for the action [1][17][18][20][22][23] Legal & Constitutional Aspects - The Supreme Court case Trump versus Will Cox established the Federal Reserve as a quasi-private entity, independent from presidential whims [7][9] - The president's firing power is limited, requiring "cause" which is defined as proof of breaking the law or gross misconduct, not merely a tweet [10][24][25] - The action is viewed as a potential breach of legal and constitutional norms, with comparisons drawn to authoritarianism [26]

So, we got some breaking news just as we are coming on the air tonight. President Trump is purporting to have fired a member of the board of governors of the Federal Reserve. Her name is Lisa Cook. She's been a Fed governor since 2022. She is the first black woman to serve on the Fed board and its 111-year history. And in that entire 111 year history, no member of the Fed's board has ever been fired by any president. And that's not because presidents haven't wanted to do it. It's because a president is not ...

Market Trend & Interest Rate - The market anticipates a 25 basis point (0.25%) interest rate cut in September, guided by Jerome Powell [1] - The expectation of rate cuts in September is likely to drive the market higher due to the influx of cheap capital [3] Historical Data Analysis - Historically, a 9-month gap between policy moves has been bullish for stocks [2] - The S&P 500 has risen 10 out of 11 times when the Fed takes between 5 to 12 months between cuts [2] Investment Implications - Potential for a strong end to the year for investment portfolios if rate cuts occur as guided [3] - Stocks and Bitcoin reacted positively to the news of potential rate cuts [1]

Monetary Policy & Interest Rates - Federal Reserve is likely to lower interest rates next month due to changes in tax, trade, and immigration policies [1] - Potential rate cut in September aims to relieve pressure on the economy, particularly concerning the labor market [4] - A rate cut of 25 basis points (025%) in September is likely [8] - The market views the potential rate cut with mixed sentiment, seeing both positive and negative implications [3][5] Federal Reserve & Political Pressure - President Trump has been pressuring the Fed to lower rates [2][6] - Concerns exist regarding Trump's attempts to influence the Fed's independence, including criticism of Fed Governor Lisa Cook [6] - The administration desires larger rate cuts than what the Fed is likely to implement [8][9] Government Intervention & Corporate America - The Trump administration took a 10% stake in Intel, drawing criticism from conservatives who view it as socialism [9][10][11] - The administration requires companies like Nvidia and AMD to give the government 15% of certain chip sales in China [12] - CEOs feel there is a cost associated with doing business, as President Trump seeks to have a stake in corporate America [12] - The administration is pushing companies like Apple to announce large investments in the US, potentially facing tariffs otherwise [12]

COMMENT: The trigger was Jerome Powell’s Jackson Hole speech, where he signaled the Federal Reserve might cut interest rates next month.BSCN (@BSCNews):ETHEREUM HITS NEW ALL-TIME HIGH — HERE’S WHY- Ethereum $ETH surged past its previous record of $4,867, setting a new high of $4,946 on August 24, 2025.- The catalyst came from Jerome Powell’s Jackson Hole speech, where he hinted the Federal Reserve could cut interest rates https://t.co/nBFzRKB19A ...

🚨 BREAKING:Fed sends mixed signals heading into Q4 📊Powell’s Jackson Hole remarks raise fresh debates on inflation, interest rates—and the long-term path for #crypto beyond 2025. ...