The administration wants the authority to fire Lisa Cook, a Fed governor. Experts say that would undermine the independence of the central bank.
Federal Reserve
Posted inNPR
DOJ subpoenas Federal Reserve in escalating pressure campaign
The Justice Department has subpoenaed the Fed over chair Jerome Powell’s testimony over the central bank’s headquarters renovation. Powell calls it part of a pressure campaign over interest rates.
Posted inNPR
Nearly two dozen states sue the Trump administration over funding for CFPB
The attorney generals say the Trump administration is refusing to accept funding for the Consumer Financial Protection Bureau, which could hurt consumers in their states.
Posted inNPR
Fed’s Cook claimed second residence as ‘vacation home,’ undercutting Trump fraud claims
Fed Gov. Lisa Cook referred to a condo she bought in 2021 as a “vacation home” in a loan estimate, which could undermine claims by the Trump administration that she committed mortgage fraud.
Posted inNPR
Home mortgage demand surges as rates drop to 6.35%
Rates saw the biggest one-week drop in a year, spurring a spike in new purchase and refinance applications.
Posted inNPR
Fed governor Lisa Cook sues Trump over firing
Lisa Cook is challenging the president’s attempt to remove her from office based on what she says is “an unsubstantiated allegation” of mortgage fraud prior to her Senate confirmation as governor.
Posted inNPR
Trump keeps pressuring the Fed to cut rates. Here’s why its independence matters
Trump has threatened to fire Fed Chair Jerome Powell, challenging the Fed’s independence. Experts say he’s not the first president to target the central bank, but he’s the most public and aggressive.
Posted inNPR
Trump visits Federal Reserve and tussles with Jerome Powell in extraordinary moment
President Trump visited the Federal Reserve to inspect an ongoing renovation and disagreed with Powell about the final cost of the project in an extraordinary moment.
Posted inNPR
President Trump indicates he’ll let Fed Chair Jerome Powell serve out his term
President Trump seemed willing to allow Jerome Powell to complete his term as chair of the Federal Reserve — at least for now. His comment comes as he and his administration continue to attack Powell.
Posted inNPR
Two officials fired by Trump return to court to challenge his power
Cathy Harris and Gwynne Wilcox, Democratic board members of independent agencies, argue President Trump lacked the authority to fire them, citing federal law and Supreme Court precedent.
