President Donald Trump speaks to reporters after stepping off Air Force One on September 7, 2025 at Joint Base Andrews, Maryland. Kevin Dietsch | Getty Images The United States government has already collected tens of billions of dollars from President Donald Trump’s “reciprocal tariffs.” But that money — and a lot more — could end…
Commerce Secretary Howard Lutnick predicted that the Bureau of Labor Statistics’ new jobs report Friday would be more accurate because President Donald Trump fired former Commissioner Erika McEntarfer last month. Lutnick made that prediction less than an hour before BLS said job growth stalled out in August. “I think they’ll get better,” Lutnick told CNBC’s…
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…
Rebecca Slaughter Leah Millis | Reuters President Donald Trump on Thursday asked the Supreme Court to allow him to fire Federal Trade Commission commissioner Rebecca Slaughter, who lower courts ordered reinstated after he terminated her. Trump wants the Supreme Court to pause her reinstatement as he appeals the case. “President Trump acted lawfully when he…
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…
U.S. President Donald Trump looks on during the signing of executive orders in the Oval Office at the White House in Washington, D.C., on Aug. 25, 2025. Jonathan Ernst | Reuters President Donald Trump’s aggressive trade agenda hit a significant snag this week when a federal appeals court ruled that most of his “reciprocal tariffs”…
President Donald Trump on Friday morning asked a judge to deny a request by Federal Reserve Board Governor Lisa Cook to issue an order barring Trump from firing her as her lawsuit challenging her removal plays out in court. The Fed, in a separate court filing, said it would not make arguments on the merits…
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 President Donald Trump on Monday said he had fired Federal Reserve Board Governor Lisa Cook, an unprecedented and dramatic escalation of his attacks on the U.S. central bank’s independence over…
President Donald Trump said Friday he will fire Federal Reserve Governor Lisa Cook if she does not resign from her position. “What she did was bad,” the president told reporters who asked about Cook, an appointee of former President Joe Biden who has come under fire from the Trump administration over allegations about her mortgages….
Lisa Cook, governor of the US Federal Reserve, during the Federal Reserve Board open meeting in Washington, DC, US, on Wednesday, June 25, 2025. Al Drago | Bloomberg | Getty Images Current and former Federal Reserve officials struck a common note when asked about Lisa Cook’s situation: It’s imperative the central bank’s independence is preserved….
