Federal Reserve Governor Lisa Cook faces a second criminal referral from Trump’s housing director
Second Criminal Referral Filed Against Lisa Cook A second criminal referral concerning Lisa Cook was submitted to the Justice Department on Thursday. This complaint came from Bill Prute, the Director of Federal Housing and Finance, who had previously made a referral regarding a chef’s dismissal “for cause” to President Trump. Prute stated, “Three strikes and […]
US Ridicules Indian Rupee at ‘Record Low’, Claims Reserve Currency Is Not an Issue
Trade Relations between India and the US: On August 27, coinciding with the implementation of a hefty 50% tariff on Indian imports into the US, Treasury Secretary Scott Bescent made significant statements underscoring economic tensions as well as ongoing strategic partnership between the two nations. In an interview with Fox News, he dismissed the notion […]
Trump considers a strategy to strengthen influence over the Federal Reserve by gaining control of regional banks.
Reports indicate that President Donald Trump is considering plans to broaden his influence over the Federal Reserve, specifically by altering how the presidents of the 12 regional banks are selected and reappointed. This initiative, first highlighted by Bloomberg News, may provide the administration with a means to affect those on the Fed’s influential policy-setting committee. […]
Who is Lisa Cook, the Federal Reserve governor singled out by Trump?
President Trump intensified his campaign against Federal Reserve Governor Lisa Cook on Monday, calling for her resignation or dismissal amid allegations of mortgage fraud. This move marks a further escalation in Trump’s ongoing tensions with the Federal Reserve, particularly with Chairman Jerome Powell, even as Powell hinted last week that interest rate cuts might be […]
Leading Democrats criticize Trump’s decision to remove Lisa Cook from the Federal Reserve board
Democrats Respond After Trump’s Attempt to Fire Federal Reserve Governor Top Democrats voiced their concerns on Monday after President Trump dismissed Federal Reserve Governor Lisa Cook amid allegations of mortgage fraud. Cook, who was appointed by former President Biden in 2022, stated her intent to remain in her role, asserting that Trump “has no authority” […]
Federal Reserve Governor Lisa Cook addresses Trump: ‘I will not step down’
Federal Reserve Governor Responds to Trump’s Attempt to Fire Her Federal Reserve Governor Lisa Cook has firmly asserted her position after President Trump attempted to dismiss her following a mortgage fraud allegation linked to a board member’s firing on Monday. In her statement, Cook emphasized that the president “has no authority” to remove her. “He […]
Trump Dismisses Fed Reserve Governor Lisa Cook amid Mortgage Fraud Claims
Trump Dismisses Governor Cook Over Mortgage Fraud Allegations President Donald Trump announced the firing of Governor Lisa Cook on Monday, citing allegations of mortgage fraud as the basis for his decision. In a letter shared on social media, Trump stated that there were sufficient grounds to remove her from her role. “I have determined that […]
“Enough Reason to Dismiss You”: Trump Terminates Federal Reserve Governor
Trump Dismisses Federal Reserve Governor Lisa Cook On Monday, President Donald Trump removed Federal Reserve Governor Lisa Cook from her position. Earlier this week, he called for her resignation on Truth Social, following comments from Bill Prute, the Director of the Federal Housing Finance Agency, who referred her to the Department of Justice (DOJ) over […]
Global stock markets show varied reactions after hints from Federal Reserve Chair Jerome Powell about possible interest rate reductions in September.
Global stock markets showed a mixed response on Monday, following comments from the Federal Reserve’s chair hinting that interest rate cuts might continue. In Europe, markets dipped, with Germany’s DAX down 0.2% to 24,305.67 and France’s CAC 40 losing 0.6% to 7,918.34. The UK market was closed due to a holiday. Futures for the S&P […]
Philippines Plans to Explore Strategic Bitcoin Reserve with a 20-Year Lockup
Simply put The proposal instructs the country’s central bank to acquire 10,000 BTC over the next five years, with a stipulation for a two-year holding period. Legal regulations govern custody, absorption certificates, and disposal procedures. Local discussions highlight bold proposals while cautioning about volatility, fiscal trade-offs, and the need for financial literacy. The Philippines has […]