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Search results for: "Federal Reserve". 36 articles found.
The Hill - 6 hours 48 min ago
The Supreme Court on Wednesday morning will weigh whether President Trump can legally oust Lisa Cook from the Federal Reserve Board of Governors over accusations of mortgage fraud. The oral arguments come as Trump has sought to reshape independent agencies that have long enjoyed protections against the president's firing authority. Also looming over the case is the Justice Department's criminal...
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The Hill - 7 hours 48 min ago
President Trump's power over the Federal Reserve goes before the Supreme Court Wednesday in a blockbuster review of the central bank governors' firing protections. As the president wages war against the Fed for not lowering interest rates quicker, Trump has looked to sack Fed governor Lisa Cook by accusing her of mortgage fraud, which she denies. Lower courts sided with Cook. The justices have punted a decision for months...
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The Hill - 8 hours 54 min ago
Morning Report is The Hill's a.m. newsletter. Subscribe here. In today's issue: Trump's Davos to-do list DOJ subpoenas Minnesota officials Supreme Court hearing Federal Reserve case Virginia redistricting measure going to voters President Trump has much on his agenda as he meets with world leaders at the World Economic Forum in Davos, Switzerland, this week....
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CNBC - 9 hours 48 min ago
Federal Reserve Chairman Jerome Powell plans to attend the oral arguments at the Supreme Court.
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The Hill - 9 hours 48 min ago
The Justice Department's criminal probe into the Federal Reserve is casting a shadow over President Trump's plans for the central bank. Trump is expected to announce his choice to succeed Fed Chair Jerome Powell within the next few weeks. But the threat of criminal charges against Powell may make it harder for Trump to replace...
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New York Times - 10 hours 16 min ago
The Supreme Court is hearing oral arguments on Wednesday in the case of Lisa Cook, the Federal Reserve governor whom President Trump is attempting to fire. Our reporter Colby Smith describes the importance of Cook's case for the independence of the central bank.
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New York Times - 10 hours 43 min ago
Lisa Cook, a Federal Reserve governor, speaking in Washington in November.
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NPR - 10 hours 48 min ago
At issue are President Trump's efforts to break with 112 years of law and precedent by firing Lisa Cook, a member of the Federal Reserve's governing board.
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NBC News - 10 hours 48 min ago
The Supreme Court on Wednesday considers President Donald Trump's attempt to oust Federal Reserve board member Lisa Cook.
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The Guardian - 11 hours 47 min ago
Case will test the limit of Trump's powers as he continues extraordinary campaign for control over central bank The US supreme court will hear oral arguments over Donald Trump's bid to fire a Federal Reserve governor on Wednesday morning, as his administration continues its extraordinary campaign for control over the central bank. The US president tried to fire Lisa Cook in August over apparent discrepancies on mortgage applications Trump's officials claim are evidence of fraud. Continue...
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The Guardian - 20 hours 48 min ago
Global consequences likely to be severe if the US president is able to take control of America's central bank Get our breaking news email , free app or daily news podcast The Reserve Bank could lose some control over its ability to set interest rates independently if Donald Trump is successful in his bid to take control of America's central bank, experts warn. Ten days after the US Department of Justice announced a criminal investigation into the Federal Reserve's chair, Jerome Powell...
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ABC News - 21 hours 18 min ago
As President Trump mounts a campaign to control the Federal Reserve, the Supreme Court is considering his ability to remove a member of the Fed's governing board.
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