Reserve

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News

Appeals court rejects Trump’s bid to unseat Federal Reserve governor Lisa Cook ahead of rate vote

An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts to remove her just ahead of a key vote on interest rates. The Trump administration is expected to quickly turn to the Supreme Court in a last-ditch bid to unseat Cook. The Fed’s next two-day meeting to consider its next interest rate move begins Tuesday morning. And Cook’s lawsuit seeking to permanently block her firing must still make its way through the courts. […]

todaySeptember 17, 2025

News

Trump fires Lisa Cook, first Black woman on Federal Reserve Board, opening new front in fight for control over central bank

President Donald Trump fired Federal Reserve Governor Lisa Cook late Monday, a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics. Trump said in a letter posted on his Truth Social platform that he is firing Cook because of allegations that she committed mortgage fraud. Bill Pulte, a Trump appointee to the agency that regulates mortgage giants Fannie Mae and Freddie Mac, made the accusations last week. Pulte alleged that Cook […]

todayAugust 26, 2025 2

News

Funerals getting underway in Georgia for 3 Army Reserve soldiers killed in Jordan drone attack

ATLANTA (AP) — Family, friends and military colleagues are gathering in Georgia as funerals begin for three Army Reserve soldiers killed last month in a drone attack on a U.S. base in Jordan. The first funeral service was scheduled Tuesday morning for Staff Sgt. William Jerome Rivers at a Baptist church in Carrollton, west of Atlanta. The 46-year-old reservist and Pennsylvania native, who is survived by his wife and son in Georgia, served in uniform for more than a decade […]

todayFebruary 13, 2024 2