President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors. Her attorney countered that they plan to file a lawsuit challenging the move.

Paul Krugman, who won the Nobel Prize in Economic Sciences in 2008, outlined the importance of the Fed maintaining independence.

President Donald Trump said Monday night he's firing Federal Reserve Governor Lisa Cook because of allegations that she committed mortgage fraud.

The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.

Stay updated with the latest news on the U.S. Federal Reserve. Get comprehensive coverage and analysis of the Fed's monetary policy decisions and reports.

President Trump removed Governor Lisa Cook in historic first, citing alleged false statements on mortgage documents for two primary residences.

Khanna and Rep. Thomas Massie, R-Ky., are co-sponsoring a bill to make the Trump administration release “all unclassified records” on Epstein. The fight over Epstein roiled Congress so forcefully this summer that House Speaker Mike Johnson began summer recess one day early after Democrats planned to force votes related to Epstein.

President Trump on Monday doubled down on his pressure campaign against Federal Reserve board of governors member Lisa Cook, urging her to resign or be fired following allegations of mortgage

President Donald Trump announced that he is removing Lisa Cook, a Federal Reserve Board Governor, from her position.

President Donald Trump says he’s firing Lisa Cook, a member of the Federal Reserve’s board of governors, amid mortgage fraud allegations.