U.S. President Donald Trump and Lisa Cook, governor of the U.S. Federal Reserve Annabelle Gordon | Reuters | Al Drago | Bloomberg | Getty Images Lawyers for President Donald Trump on Thursday asked a federal appeals court to let his bid to fire Federal Reserve Board Governor Lisa Cook take effect before the central bank’s…
Customers look over clothing items displayed on April 18, 2025 at a Costco branch in Niantic, Connecticut. Robert Nickelsberg | Getty Images The producer price index, a gauge of costs at the wholesale level in the U.S. economy, posted an unexpected 0.1% decline in August. Here’s what to know: For the third time this year,…
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. Drew Angerer | Getty Images A federal judge on Tuesday night blocked President…
The average rate on the 30-year fixed mortgage notched its biggest one-day drop in more than a year on Friday. Although mortgage rates are now at their lowest level since October, the average rate for a 30-year, fixed-rate mortgage is still just around 6.29%, according to Mortgage News Daily — a big leap from the under…
Former Federal Reserve Governor Adriana Kugler’s abrupt resignation from the board on Aug. 1 – and her unexplained absence at a key meeting two days earlier – left the financial community shocked and confused. Nominated by Democratic former President Joe Biden to fill a surprise vacancy on the Fed board and confirmed in 2023, Kugler’s…
Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City on Nov. 12, 2024. Brendan McDermid | Reuters Federal Reserve Governor Christopher Waller, a candidate to take over from Jerome Powell as chair in 2026, on Wednesday voiced his support for starting a rate-cutting cycle in two weeks and said…
Lisa Cook, governor of the Federal Reserve, speaks during a Fed Listens event in Washington, D.C., on March 22, 2024. Al Drago | Bloomberg | Getty Images Federal Reserve Board Governor Lisa Cook “did not ever commit mortgage fraud,” her lawyer Abbe Lowell said Tuesday in a new court filing bolstering arguments why a judge…
LONDON — European stocks are expected to start the new trading week broadly higher on Monday. The U.K.’s FTSE index is seen unchanged, Germany’s DAX up 0.12%, France’s CAC 40 up 0.1% and Italy’s FTSE MIB up 0.12%, according to data from IG. It’s a quiet day on the data front in Europe on Monday, although…
US President Donald Trump speaks during a meeting with Ukrainian President Volodymyr Zelenskyy and European leaders in the East Room of the White House in Washington, DC, on August 18, 2025. Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump’s effort to sack Federal Reserve Governor Lisa Cook is about more than firing someone:…
President Trump’s efforts to fire Federal Reserve Governor Lisa Cook could jeopardize the central bank’s independence, according to longtime investor Rebecca Patterson. “We shouldn’t ignore this at all. This is a big deal what’s going on,” the former Bridgewater Associates chief investment strategist told CNBC’s “Fast Money” this week. Patterson, now a senior fellow at…
