Trump on Aug. 25 fired Federal Reserve governor Lisa Cook, an unprecedented move that brings the president one step closer to shaping the balance of the Fed's seven-member board in his favor.

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At issue is an attempted White House power grab that ignores the rule of law and puts global economic stability at risk.

Betting markets don't see a high chance that President Donald Trump will manage to oust Federal Reserve governor Lisa Cook, following Trump's announcement late Monday that he had fired her while ...

Shares in stock markets around the globe were sinking Tuesday after President Donald Trump announced he's firing Federal ...

President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” Cook ...

The unprecedented move would constitute a sharp escalation in Trump’s battle to exert greater control over what has long been considered an institution independent from day-to-day politics.

Federal Reserve Governor Lisa Cook on Monday doubled down on her vow to not resign from the Fed, despite President Trump ...

Ms. Cook said that she would not resign from the board of governors, hours after President Trump announced he was firing her.

Trump’s latest move follows allegations by FHFA leader Bill Pulte that Cook committed mortgage fraud by claiming two separate ...

U.S. President Donald Trump on Monday took the unprecedented step of ordering Governor Lisa Cook removed from the Federal ...

President Donald Trump says he’s firing Federal Reserve board Member Lisa Cook amid mortgage fraud allegations ...