A federal court ruled Tues that #FederalReserve Governor #LisaCook can remain in her position while she fights Trump’s efforts to fire her.

The ruling, which will be appealed, is a blow to the #Trump admin’s efforts to assert more #control over the traditionally #independent#Fed, which sets interest rates to achieve its congressionally mandated goals of stable #prices & maximum #employment. #Congress has also sought to insulate the Fed from #politics.

#law #economy
https://apnews.com/article/federal-reserve-governor-lisa-cook-trump-firing-651fcf0637cf14901bbd559df00c856b?utm_source=onesignal&utm_medium=push&utm_campaign=2025-09-09-Breaking+News

A federal court ruled Tues that #FederalReserve Governor #LisaCook can remain in her position while she fights Trump’s efforts to fire her.

The ruling, which will be appealed, is a blow to the #Trump admin’s efforts to assert more #control over the traditionally #independent#Fed, which sets interest rates to achieve its congressionally mandated goals of stable #prices & maximum #employment. #Congress has also sought to insulate the Fed from #politics.

#law #economy
https://apnews.com/article/federal-reserve-governor-lisa-cook-trump-firing-651fcf0637cf14901bbd559df00c856b?utm_source=onesignal&utm_medium=push&utm_campaign=2025-09-09-Breaking+News

U.S. President Donald Trump on Thursday said he will nominate Council of Economic Advisers Chairman Stephen Miran to serve out the final few months of a newly vacant seat at the Federal Reserve. https://www.japantimes.co.jp/business/2025/08/08/trump-pick-fed-board-open-spot/?utm_medium=Social&utm_source=mastodon #business #us #fed #donaldtrump #banks#stephenmiran#christopherwaller

U.S. President Donald Trump got some bad economic news Friday, and responded by shooting the messenger. https://www.japantimes.co.jp/business/2025/08/02/economy/trump-jobs-fed/?utm_medium=Social&utm_source=mastodon #business #economy #fed #jobs #donaldtrump #us #globaleconomy

A battered dollar is taking another beating as investors, unnerved by fresh signs of an erosion in U.S. central bank independence, push the greenback back to its lowest levels in over three years. https://www.japantimes.co.jp/business/2025/06/27/economy/us-dollar-low-fed-independence/?utm_medium=Social&utm_source=mastodon #business #economy #us #dollar #fed #jeromepowell #donaldtrump