Federal Reserve – 9xm News

‘Lied about facts’: Trump admin takes Lisa Cook fight to Supreme Court; pushes for her removal from Fed board ✅

The Donald Trump administration on Thursday urged Chief Justice John Roberts to issue a temporary order removing Lisa Cook from the Federal Reserve’s board of governors, while also requesting a broader ruling from the full Supreme Court as her legal battle continues.“Put simply, the president may reasonably determine that interest rates paid by the American […]

Setback for Trump? Federal Reserve Governor Lisa Cook to stay in role ahead of rate meeting; appeals court steps in

Donald Trump, Federal Reserve governor Lisa Cook A federal appeals court has ruled that Federal Reserve Governor Lisa Cook can remain in her post, allowing her to take part in this week’s closely watched interest rate meeting, despite President Donald Trump’s attempt to remove her from the board. The decision from the US Court of […]

Billionaire Ray Dalio warns US democracy weakening under Donald Trump: ‘This is how autocrats rise’

Billionaire hedge fund titan Ray Dalio is sounding the alarm that Donald Trump’s second stint in power is pushing America into dangerous territory, one that echoes the rise of autocratic regimes in the 1930s.In an interview with the Financial Times, the Bridgewater Associates founder likened Trump’s meddling in business, including his surprise 10% stake in […]

Mortgage loan charge: Trump says he has ‘cause’ to oust Lisa Cook; first-ever move against Fed governor

US Federal Reserve governor Lisa Cook on Tuesday rejected President Donald Trump’s announcement that he was removing her from the central bank, insisting he has no authority to do so and vowing not to resign.Donald Trump posted a letter on his Truth Social platform declaring Cook’s dismissal effective immediately, citing allegations of mortgage fraud. Cook […]

Federal Reserve shake-up: Donald Trump fires Governor Lisa Cook; accuses her of ‘potentially criminal conduct’

File photo: US President Donald Trump and Lisa Cook (Picture credit: AP) US President Donald Trump has removed Federal Reserve Governor Lisa Cook from her position in a move that could set off a major legal fight over the independence of America’s central bank.Trump announced Cook’s dismissal on Monday evening through a letter posted on […]

‘He wants to stay where he is’: Trump rules out treasury secretary Scott Bessent for Fed Chair; considers Warsh and Hassett instead

US treasury secretary Scott Bessent (Image credits: AP) US President Donald Trump said Tuesday that Treasury Secretary Scott Bessent is no longer being considered to replace Jerome Powell as Chair of the Federal Reserve, after Bessent expressed his desire to remain in his current role.“I love Scott, but he wants to stay where he is,” […]

‘We need accurate numbers’: Trump fires BLS chief Erika McEntarfer after weak July jobs report; claims ‘Biden appointee’ manipulated data

BLS commissioner Erika McEntarfer, left, and US President Donald Trump ( Image credits: X) US President Donald Trump on Friday dismissed bureau of labor statistics (BLS) commissioner Erika McEntarfer, just hours after the agency released a weaker-than-expected July jobs report.In a post on Truth Social, he accused Erika McEntarfer, a Biden appointee, of manipulating employment […]

Federal Reserve System controversy: Jerome Powell denies extravagant spending; refutes claims

Russ Vought (Image: X) and Jerome Powell (AP image) Federal Reserve Chair Jerome Powell sent a letter on Thursday to White House Budget Director Russ Vought, responding to allegations that he mismanaged the renovation of the Federal Reserve Board’s Eccles Building and the 1951 Constitution Avenue facility.The letter comes amid growing speculation that the Trump […]

Now, central bank chief targeted for ‘ostentatious’ Fed renovation costs

File photo: Federal Reserve Chair Jerome Powell (Picture credit: AP) WASHINGTON: US President Trump has the authority to fire Federal Reserve chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said Sunday, adding the Fed “has a lot to answer for” on renovation cost overruns at its Washington headquarters. […]

‘Too late’: Donald Trump slams Jerome Powell, calling him one of the ‘dumbest and most destructive’; accuses Fed chief of costing US billions

US President Donald Trump once again slammed Federal Reserve Chairman Jerome Powell, accusing him of costing the country hundreds of billions of dollars after the central bank kept the interest rates unchanged. “Too Late,” Trump tweeted, calling Powell one of the “dumbest” and most “destructive” people in government. “Too Late” Jerome Powell is costing our […]