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.
The White House campaign to unseat Cook marks an unprecedented bid to reshape the Fed’s seven-member governing board, which was designed to be largely independent from day-to-day politics. No president has fired a sitting Fed governor in the agency’s 112-year history.
Separately, Senate Republicans on Monday confirmed Stephen Miran, Trump’s nominee to an open spot on the Fed’s board. Barring any last-minute intervention from the Supreme Court, the Fed's interest rate setting committee will meet Tuesday and Wednesday with all seven governors and the 12 regional bank presidents.
He spent the twilight of his career denouncing Donald Trump as a threat to the republic...
The secretary of the US Department of Homeland Security (DHS), Kristi Noem, reportedly authorized the purchase...
Sam Rasoul, the Virginia Democrat who is currently the longest-serving Muslim state lawmaker in the US...
Red-state America has been a big fan of Israel, according to Jackson Lahmeyer, an evangelical pastor...
