Fed governors can only be fired for cause. “The extent to which there is cause is, at best, dubious,” said Karen Petrou of ...

On Monday night, Trump announced that he’s firing Federal Reserve Governor Lisa Cook, an unprecedented move that would constitute a sharp escalation in his battle to exert greater control over what ...

President Donald Trump says he intends to fire Lisa Cook, the first Black woman to serve on the Federal Reserve Board over ...

Shares have fallen in Europe and Asia after President Donald Trump announced he was firing Federal Reserve Governor Lisa Cook ...

Abbe Lowell, a lawyer for Lisa Cook, says that President Trump's move to remove her as a Federal Reserve Board governor is ...

Commerce Secretary Howard Lutnick punted when asked if President Trump would fire Federal Reserve Chair Jerome Powell if he ...

Senate and House Democrats call Trump's firing of Federal Reserve Governor Lisa Cook illegal and warn it puts American ...

The president said in a letter posted on his Truth Social platform Monday night that he is removing Lisa Cook effective ...

President Donald Trump’s decision late Monday to dismiss Federal Reserve Governor Lisa Cook escalated his yearlong effort to ...

"I will continue to carry out my duties to help the American economy," Cook said in a statement obtained by NewsNation.

The first Black woman to sit on the bank’s board refused to step down and says the president doesn’t have the power to fire ...