Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Investors brace for a State of the Union speech that may fuel anxiety February 24, 20267:53 PM UTCUpdated ago By Suzanne McGee and Laura Matthews PROVIDENCE, Rhode Island/NEW YORK, Feb 24 (Reuters) - The State of the Union speech from President Donald Trump on Tuesday evening comes at a pivotal point for investors, sideswiped by market turbulence in recent months and craving stability. Days af ...

Core Viewpoint - The U.S. Supreme Court justices show hesitation in granting President Donald Trump's request to allow him to immediately remove Federal Reserve Governor Lisa Cook, indicating a complex legal situation ahead [1] Group 1 - The Supreme Court's eventual ruling may not provide a comprehensive victory for Cook, suggesting potential limitations on her position despite the current reluctance to grant the request [1]

Core Viewpoint - The ongoing legal battle involving Federal Reserve Governor Lisa Cook and the Trump administration centers around allegations of mortgage fraud, with implications for her position at the Federal Reserve [1][3][5]. Group 1: Legal Context - Federal Reserve Chairman Jerome Powell refrained from commenting on the legal dispute, emphasizing its nature as a court case [1]. - The Trump administration plans to escalate the legal fight to the Supreme Court after a lower court blocked efforts to dismiss Cook [3]. - The Federal Reserve has stated it will comply with any court decision regarding the matter [3]. Group 2: Allegations and Investigations - The allegations against Cook involve claims of mortgage fraud related to three properties in Michigan, Georgia, and Massachusetts [5][6]. - Bill Pulte, a Trump appointee, has raised concerns about whether Cook misrepresented the intended use of these properties [6]. - A loan estimate indicates that Cook declared one property as a "vacation home," which contradicts the allegations made by the Trump administration [7]. Group 3: Legal Actions - Pulte has referred the mortgage applications to the Justice Department, which opened a criminal investigation into Cook on September 4 [9][10]. - Following her ousting by Trump on August 25, Cook filed a lawsuit against him three days later, although her lawsuit did not address the allegations regarding her primary residence [9].