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Federal reserve governor will stay in post for now following US supreme court announcement
The Guardian· 2025-10-01 15:16
The US supreme court announced on Wednesday that Lisa Cook, the federal reserve governor, will stay in her post and deferred action on the Department of Justice’s request to remove her immediately in line with Donald Trump’s drive to influence the US central bank.The country’s highest court announced it would hear oral arguments on the case in January.Earlier in the morning the court considered the US president’s attempt to remove Cook – the first-ever bid by a president to fire a Federal Reserve official, ...
Here are the biggest threats to the U.S. economy
Youtube· 2025-09-29 21:50
As an economist, what keeps you up at night about the US economy over say the next six months. >> Well, it's the tariffs and the and the immigration policy. I mean, I think at the root of the economy's troubles are uh the tariffs the and the translation uh into price higher prices for consumers and higher input costs for businesses and lower profit margins.and the immigration policy, a highly restrictive immigration policy which is really weighing on various industries that depend on those workers. Construc ...
Former CEA chair: Protecting Fed independence is critical for U.S. and global economy
CNBC Television· 2025-09-26 17:03
Welcome back. A bipartisan group of former top US economic officials in this country coming together to file a brief to the Supreme Court in support of Fed Governor Lisa Cook. You can see some of them here.The list includes every living Fed chair as well as several former Treasury Secretaries and CEA chairs across both sides of the aisle. One exception would be members of the President Trump's first term like that like his secretary minutian. Our next guest is a signator Jared Bernstein, chair of the Counci ...
Former CEA chair: Protecting Fed independence is critical for U.S. and global economy
Youtube· 2025-09-26 17:03
Welcome back. A bipartisan group of former top US economic officials in this country coming together to file a brief to the Supreme Court in support of Fed Governor Lisa Cook. You can see some of them here.The list includes every living Fed chair as well as several former Treasury Secretaries and CEA chairs across both sides of the aisle. One exception would be members of the President Trump's first term like that like his secretary minutian. Our next guest is a signator Jared Bernstein, chair of the Counci ...
Trump would 'eviscerate' Fed independence with Lisa Cook firing, her lawyers tell Supreme Court
Youtube· 2025-09-26 11:16
Trainers attorneys for Fed Governor Lisa Cook are arguing the Supreme Court should reject President Trump's push to fire her as a lawsuit plays out challenging her attempted removal. Cook's lawyers say if the court grants Trump's request, it would, in their words, eviscerate the independence of the Federal Reserve Board. Earlier today, a group that includes every living former Federal Reserve chair along with a number of former Treasury Secretary Saries also uh urged the Supreme Court to deny President Trum ...
Trump would 'eviscerate' Fed independence with Lisa Cook firing, lawyers tell Supreme Court
CNBC· 2025-09-25 19:34
Core Viewpoint - The ongoing legal battle regarding Federal Reserve Governor Lisa Cook's position highlights tensions between the executive branch and the independence of the Federal Reserve, with significant implications for governance and economic policy [1][2]. Group 1: Legal Proceedings - Lawyers for Lisa Cook argue that the Supreme Court should reject former President Donald Trump's request to fire her while her lawsuit is pending [1][2]. - Trump has requested the Supreme Court to lift lower court orders that prevent him from terminating Cook's position, citing allegations of mortgage fraud, which Cook denies [2]. Group 2: Support for Cook - A coalition of former Federal Reserve chairs, Treasury secretaries, and former chairs of the White House Council of Economic Advisers has urged the Supreme Court to deny Trump's request to fire Cook at this time [3].
Former Fed chairs, Treasury and CEA heads file Supreme Court brief backing Lisa Cook
Youtube· 2025-09-25 18:30
Let's get to Amy Jvers in DC for the details. David, we're looking at a powerhouse new filing in the Supreme Court. This is an amicus brief just dropped within the past couple of moments.Uh and it's signed by every living former Fed chair. Also, a number of former Treasury secretaries, both Democrats and Republicans, but notably uh no economic officials from the first Trump administration that I can see signing on to this document. It's in support of Lisa Cook and it's arguing uh that the Supreme Court shou ...
Former Fed, Treasury chiefs urge Supreme Court to block Trump firing Lisa Cook
CNBC· 2025-09-25 14:43
Lisa Cook takes the oath of office to serve as a member of the Board of Governors at the Federal Reserve System during a ceremony at the William McChesney Martin Jr. Building of the Federal Reserve May 23, 2022 in Washington, DC.Every living former chair of the Federal Reserve, as well as a slew of ex-Treasury secretaries and former White House economic advisors, urged the Supreme Court on Thursday to block President Donald Trump from firing Fed Governor Lisa Cook as her lawsuit challenging her removal proc ...
Stocks cool, commodities stir
Yahoo Finance· 2025-09-24 21:03
But the dollar is hardly out of the woods. Its short-term technical outlook is dim, and a lightening of short positions in recent weeks suggests traders have scope to get bearish again. Bulls' best hope may be the number of implied Fed rate cuts this year in the rates futures curve falling to one from two.The dollar rose to a two-week high on Wednesday, clocking its biggest rise in three weeks. It is welcome respite for the battered currency, which last week traded at its weakest level against a basket of m ...
Lisa Cook files opposition to Trump admin. request for Supreme Court to allow her firing
CNBC Television· 2025-09-18 20:10
Breaking news out of Washington on Fed Governor Lisa Cook. Megan Cassella joins us with that. Megan.Sarah. That's right. It was just earlier today that the Trump administration filed with the Supreme Court asking the high court to allow the firing of Fed Governor Lisa Cook to move forward.Cook now through her attorneys filing an opposition to that motion saying in full here, this is from her attorney Ab Abby Lel. Full quote here. Granting the president's administrative stay request now would upend the statu ...