Lawyers for Ms. Cook promised to take legal action one day after the president moved to fire her over allegations of mortgage fraud.
Category: Trump, Donald J
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Trump Risks Global Economic Stability as He Tries to Control the Fed
President Trump’s attempt to fire Lisa Cook, a Fed governor, will set off a long legal battle. Economists warn it could lead to higher inflation and government borrowing costs.
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As Trump Ramps Up Pressure on Digital Rules, Can Europe Resist?
The White House suggested that countries with digital regulations restricting U.S. tech companies could face penalties. The question is whether Europe can stand firm.
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U.S. and Japan at Odds Over Terms of $550 Billion Investment
Claims that President Trump will direct Japanese investment highlight how trade frictions are mounting even with countries that have reached trade deals with the United States.
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Donald Trump’s Big Gay Government
On the town with the A-Gays of Washington, who have never been happier to be out, proud and Republican.
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Lisa Cook Says She Will Not Step Down From the Fed
Ms. Cook said that she would not resign from the board of governors, hours after President Trump announced he was firing her.
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The Backbone of the Global Auto Supply Chain Is at Risk From Trump’s Tariffs
They are threatening smaller parts companies that are key to manufacturing and employ hundreds of thousands in Japan, South Korea and Germany.
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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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After U.S. Takes Stake in Intel, Trump Pledges ‘Many More’ Deals
The president said he hoped to “get as much as I can,” signaling a shift in the relationship between government and private business.
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Orsted Stock Plummets to Record Low After Trump Halts U.S. Wind Farm
An order to stop work on the Revolution Wind project off Rhode Island further rattled the beleaguered Danish company.
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Workers Who Lost Jobs to Trade Needed Help. Washington Cut the Funding.
Trade Adjustment Assistance was supposed to help people whose jobs were threatened by overseas competition, but Congress eroded its support starting in the 1980s.
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The Real Reason Americans Worry About Trade
Behind the pushback to global trade is a deep economic anxiety that a meager social safety net has caused in the United States.