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.
Category: United States Politics and Government
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Fed Officials Try to Keep Focus on Economy as Trump Intensifies Attacks
The administration’s effort to oust a Fed governor as part of a pressure campaign for lower borrowing costs created an inescapable distraction at this year’s Jackson Hole conference.
-
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.