Lisa Cook, who has not been charged with a crime, sought to retain her position, arguing her firing was “unprecedented and illegal.”
Category: Appointments and Executive Changes
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How Trump Could Gain Control of the Fed
President Trump’s attempt to fire Lisa Cook has laid bare the erosion of the Federal Reserve’s independence, which could lead to economic consequences for Americans, The New York Times’s chief economics correspondent explains.
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Fed Governor Lisa Cook to Sue Over Firing, Asserting Trump Abused Power
Lawyers for Ms. Cook promised to take legal action one day after the president moved to fire her over allegations of mortgage fraud.
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Trump Says He Is Removing Lisa Cook From Federal Reserve Board
“I have determined that there is sufficient cause to remove you from your position,” Mr. Trump said in a letter. Her dismissal threatened to touch off a landmark legal battle over the Fed’s independence.
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Lisa Cook, Who Broke Ground at the Fed, Faces Attack by Trump
The first Black woman to serve on the Federal Reserve board, Ms. Cook has long been a pathbreaker in a field dominated by white men.
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Corporate America’s Newest Activist Investor: Donald Trump
The president is demanding government stakes in U.S. companies and cuts of their revenue. Experts see some similarities to state-managed capitalism in other parts of the world.
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Covid Vaccine Opponent Tapped to Lead Federal Review Team
Panel members have been given a broad mandate, despite pleas from C.D.C. employees asking Robert F. Kennedy Jr. to stop spreading misinformation.
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Can Trump Fire a Fed Governor? What to Know About the Legal Arguments
The Supreme Court has indicated that there are distinctive reasons to shield the Federal Reserve from political interference.
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Trump’s Attacks on Fed Overshadow a Critical Moment for the Central Bank
The president’s calls for Lisa Cook, a Fed governor, to resign are diverting attention from economic issues as top central bankers from around the world gather in Jackson, Wyo.
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When the C.E.O. Retires but Won’t Go Away
Target is the latest company to keep a replaced chief executive around as an “executive chairman.” Does having two top dogs make sense?
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What Will Powell Do Now?
President Trump’s attack on a Federal Reserve governor comes as the White House seeks more control over the central bank. Will the Fed’s leader push back?
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The Auctioneer and the Treasury Chief: How Billy Long Fell Short at the I.R.S.
Treasury Secretary Scott Bessent sought total control over the I.R.S., an agency where Mr. Long, the new commissioner, had started to put his own mark on the job.