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The Latest Breaking News from US Federal Reserve

Stocks dip amid Trump’s Fed move and French worry

The FTSE 100 index closed down 55.60 points, 0.6%, at 9,265.80.

Evening Standard

House panel says it will examine allegations against Fed's Cook - Roll Call

President Trump's firing of a Fed governor comes amid wider scrutiny of the central bank, including by a House Financial Services task force.

Roll Call

Democratic Sen. Slams Trump Over Attempt To Remove Fed Governor Lisa Cook: 'An Authoritarian Power Grab'

Democratic Sen. Elizabeth Warren slammed President Donald Trump over his attempt to remove Federal Reserve governor Lisa Cook

Latin Times

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Stocks Supported by Positive Economic News

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.14%. September E-mini S&P futures (ESU25 ) are up +0.03%, and September...

Barchart

Donald Trump has a new tool to take down Democratic foes — unproven mortgage fraud charges

President now using the allegations as a pretext to fire a Federal Reserve board member and target others

The Independent UK

Dollar Falls on Threats to Fed Independence

The dollar index (DXY00 ) today is down by -0.22%. The dollar is under pressure today over the Fed's independence after President Trump moved to fire Fed Governor Lisa Cook, citing "sufficient cause" based on allegations she made false statements on one or more mortgage loans. If Mr. Trump succeeds...

Barchart

Fed’s Jerome Powell Just Painted a Grim Picture of the U.S. Economy After GDP ‘Slowed Notably’ and Job Growth Stalls: Here’s Why It’s Bullish

Federal Reserve Chair Jerome Powell used his annual Jackson Hole keynote speech to paint a picture of an economy facing policy-driven headwinds and rising uncertainty.

Barchart

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Who is Lisa Cook and can Trump actually fire the Fed governor he accuses of mortgage fraud?

President Trump has demanded the removal of the Biden appointee in what would mark an unprecedented move against the central bank's leadership

The Independent UK

Stocks Pressured by Fed Jitters but Supported by Chip Makers

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.01%. September E-mini S&P futures (ESU25 ) are down -0.06%, and September...

Barchart

Can President Trump Fire Fed Governor Lisa Cook?

Markets hate uncertainty, especially when it comes to monetary policy and interest rates, and questions about the Fed are compounding.

Kiplinger

Powell Wants To Cut Rates—But The Bond Market Isn't On Board

The Fed may be ready to cut in September, but the bond market? Not exactly throwing a party. Macro strategist Jim Bianco, president of Bianco Research, warned that the bond market—particularly long-dated Treasuries—is sending a clear message: It doesn’t want these rate cuts.

Benzinga

Fed Governor Cook Says Trump Has No Authority To Fire Her

Federal Reserve Governor Lisa Cook rejected US President Donald Trump's unprecedented bid to oust her on Tuesday, saying he had no legal authority for such an intervention against a member of the independent US central bank.

International Business Times

Elizabeth Warren Blasts Trump's 'Authoritarian Power Grab' In Dismissal Of Fed's Lisa Cook, Says Court Will 'Overturn' It

Elizabeth Warren (D-Mass.) criticized President Donald Trump for dismissing Lisa Cook, a Federal Reserve Governor, and described it as an “authoritarian power grab.”

Benzinga

Trump's Firing Of Lisa Cook Could Hand Him A Rare FOMC Majority That Could Block 'Regional Fed Presidents From Being Reappointed,' Says Craig Shapiro

President Donald Trump‘s firing of Federal Reserve Governor Lisa Cook on Monday could trigger a significant power shift within the central bank, potentially creating a Trump-appointed majority on its board and raising concerns over the future of regional Fed presidents, explained the macro strategist at the Bear Traps Report, Craig…

Benzinga

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The Guardian - UK

First Thing: Trump says he is firing Fed governor Lisa Cook in escalating attack on bank’s independence

Cook has said that Trump ‘has no authority’ to remove her from the job over over allegations she committed mortgage fraud. Plus, a look at the AI-led agency advocating for ‘AI rights’

Fortune

Global selloff in the markets: Investors got a look at a world where the dollar isn’t a reliable reserve currency and decided they didn’t like it

Some hopes emerged as investors focused on the Fed’s institutional strength.

Fortune

Trump’s threat to fire another Fed member has Wall Street weighing the price of ‘wrecking institutions’ with ‘scapegoat economics’

While UBS’s Paul Donovan told clients the attempt was “completely unprecedented,” Wharton’s Jeremy Siegel argued her ousting adds “noise but little substance” compared with the Fed’s longer-term policy pivots.

Barchart

Stock Index Futures Fall as Fed Independence Concerns Resurface, U.S. Economic Data on Tap

September S&P 500 E-Mini futures (ESU25) are down -0.16%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.19% this morning as investors weigh U.S. President Donald Trump’s move to oust Federal Reserve Governor Lisa Cook and fresh tariff threats.

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International Business Times UK

Was Lisa Cook Unfairly Targeted? Trump Fires First Black Woman on Fed Board Over Fraud Claim

Trump fires Fed Governor Lisa Cook, citing 'sufficient cause' over mortgage fraud claims. Cook denies wrongdoing and vows to fight the dismissal in court.

Benzinga

Stock Market Today: S&P 500, Nasdaq 100 Futures Slip After Trump Fires Fed Governor Lisa Cook—Interactive Brokers, PVH Corp, Okta In Focus (UPDATED)

Editor’s Note: The future prices of benchmark tracking ETFs, the lede, and the latest economic releases were updated in the story.

The Guardian - US

Trump officials puts Fema staffers on leave for signing open letter criticizing administration – as it happened

White House retaliates against employees who said current leaders’ approach could result in disaster on level of Hurricane Katrina

Fortune

It’s time to unmask the Trump tariffs for what they really are: A giant national sales tax that will hobble growth

Trump is effectively putting more money in families’ pockets with one hand, and taking a big chunk of it back with the other.

The Independent UK

Trump orders removal of Federal Reserve governor

IN FULL

Euronews

Risk of French government collapse sends jitters through markets

Major European stock indexes opened lower on Tuesday, with the CAC 40 in Paris leading losses, following news that the French government may be ousted next month.

The Guardian - UK

UK retail stocks tumble as Deutsche Bank cuts ratings, French market drops on political fears - as it happened

Rolling coverage of the latest economic and financial news

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