Federal Reserve Board of Governors member Lisa Cook is reportedly filing a lawsuit challenging her firing, which was ordered by President Donald Trump following allegations that she committed mortgage fraud.
Read More Fed. Reserve Board of Governors member Lisa Cook to sue over GOP admin’s firing: ‘I will not resign’
President Donald Trump publicly condemned New York Democrat Attorney General Letitia James, labeling her a “disgrace” in response to allegations that she failed to act on evidence suggesting $9.6 billion in sanctions violations.
Read More Trump responds after allegations surface suggesting Letitia James overlooked $9.6B in sanctions violations
The Trump administration is now weighing 11 potential successors to Federal Reserve Chair Jerome Powell, whose term ends in May, including three contenders not previously disclosed — according to two administration officials who spoke on condition of anonymity.
Read More Trump admin now weighing 11 possible picks for Fed Chair position, officials say
President Donald Trump threatened to file a “major lawsuit” against Federal Reserve Chair Jerome Powell, alleging “grossly incompetent” management of the Federal Reserve’s building construction projects.
Read More Trump threatens ‘major lawsuit’ against Powell over ballooning Fed building renovation costs
U.S. Treasury Secretary Scott Bessent has disclosed that he is evaluating a shortlist of three candidates to assume the role of Federal Reserve chair when the position becomes vacant next year.
Read More Treasury Secy. Bessent expands search for next Fed Chair
The S&P 500 and Nasdaq climbed to new record highs after Microsoft’s blockbuster earnings and investor confidence in artificial intelligence.
Read More Wall Street jumps as Microsoft enters $4 trillion club after results