Around the world, what were once solid lines dividing the responsibilities of those in charge of fiscal policy and monetary policy are being challenged or redrawn. The big picture: If elected governments succeed in undermining their central banks' independence — pressuring them to suppress interest rates or monetize debt to bail out yawning public debt problems — it foretells a world of higher inflation and economic volatility. - It was a challenge very much on the minds of the central bankers who assembled over the weekend in Jackson Hole, Wyoming, for the Kansas City Federal Reserve's annual symposium — and underscored by recent news. Zoom out: Central bankers' great fear is that we're entering a new era of "fiscal dominance," in…
Around the world, what were once solid lines dividing the responsibilities of those in charge of fiscal policy and monetary policy are being challenged or redrawn. The big picture: If elected governments succeed in undermining their central banks' independence — pressuring them to suppress interest rates or monetize debt to bail out yawning public debt problems — it foretells a world of higher inflation and economic volatility. - It was a challenge very much on the minds of the central bankers who assembled over the weekend in Jackson Hole, Wyoming, for the Kansas City Federal Reserve's annual symposium — and underscored by recent news. Zoom out: Central bankers' great fear is that we're entering a new era of "fiscal dominance," in…Open
Lawyers for Federal Reserve governor Lisa Cook have submitted their case for why she cannot legally be fired, as President Trump seeks new avenues for dismissing the Biden appointee for cause. The big picture: After the Supreme Court ruled against Trump's attempt to fire Cook last year over allegations that she claimed two different properties as her primary residence in mortgage documents, the White House has sought to introduce a more formal process in pursuit of the same goal. - It is a closely watched case that may determine the political independence of America's central bank, by setting how high the bar is for a president to fire Fed governors. Driving the news: Three weeks ago, the White House asked for her response to the…
Lawyers for Federal Reserve governor Lisa Cook have submitted their case for why she cannot legally be fired, as President Trump seeks new avenues for dismissing the Biden appointee for cause. The big picture: After the Supreme Court ruled against Trump's attempt to fire Cook last year over allegations that she claimed two different properties as her primary residence in mortgage documents, the White House has sought to introduce a more formal process in pursuit of the same goal. - It is a closely watched case that may determine the political independence of America's central bank, by setting how high the bar is for a president to fire Fed governors. Driving the news: Three weeks ago, the White House asked for her response to the…Open
President Trump suffered a Supreme Court setback in his effort to fire Federal Reserve Governor Lisa Cook, but the fight may be far from over. The Hill’s Zach Schonfeld and Sophie Brams break down the new deadline facing Cook and why the case could soon return to court. Watch the full episode here: https://thehill.com/newsletters/the-gavel/the-gavel-live-briefing/6025146-donald-trump-supreme-court-losses-impact-on-agenda-discussion/ #presidenttrump #trump #lisacook #thefed #federalreserve #fedreserve #supremecourt #scotus #fedreservegovernor #thegavel
LIVE from HOTDOG NEWS – Your sharp, no-BS daily news stream for August 10, 2026.Today’s top stories:• Netanyahu publicly rejects Trump’s 15-point Gaza “Board of Peace” plan • Iran issues new demands before reopening the Strait of Hormuz; Trump says the US is “low-keying it” • Senate confirms Todd Blanche as Attorney General 50–49; Trump moves to oust Fed Governor Lisa Cook • Portland: Centennial Mills warehouse fire – Union Pacific resumes freight through the collapse-risk zone • Ukraine hits a major Russian oil refinery; Pakistan, Saudi Arabia & Turkey sign a new mutual-defense pact • Markets near record highs ahead of key inflation data… plus a raccoon with a mayonnaise jar stuck on its headStay locked in…
LIVE from HOTDOG NEWS – Your sharp, no-BS daily news stream for August 10, 2026.Today’s top stories:• Netanyahu publicly rejects Trump’s 15-point Gaza “Board of Peace” plan • Iran issues new demands before reopening the Strait of Hormuz; Trump says the US is “low-keying it” • Senate confirms Todd Blanche as Attorney General 50–49; Trump moves to oust Fed Governor Lisa Cook • Portland: Centennial Mills warehouse fire – Union Pacific resumes freight through the collapse-risk zone • Ukraine hits a major Russian oil refinery; Pakistan, Saudi Arabia & Turkey sign a new mutual-defense pact • Markets near record highs ahead of key inflation data… plus a raccoon with a mayonnaise jar stuck on its headStay locked in…
LIVE from HOTDOG NEWS – Your sharp, no-BS daily news stream for August 10, 2026.Today’s top stories:• Netanyahu publicly rejects Trump’s 15-point Gaza “Board of Peace” plan • Iran issues new demands before reopening the Strait of Hormuz; Trump says the US is “low-keying it” • Senate confirms Todd Blanche as Attorney General 50–49; Trump moves to oust Fed Governor Lisa Cook • Portland: Centennial Mills warehouse fire – Union Pacific resumes freight through the collapse-risk zone • Ukraine hits a major Russian oil refinery; Pakistan, Saudi Arabia & Turkey sign a new mutual-defense pact • Markets near record highs ahead of key inflation data… plus a raccoon with a mayonnaise jar stuck on its headStay locked in…
Trump is once again threatening to fire Cook over unproven allegations of mortgage fraud after an earlier effort to remove Cook was struck down by the Supreme Court.
The Trump administration has launched a new effort to remove Federal Reserve Gov. Lisa Cook , notifying her that President Trump is considering her removal and giving her 21 days to respond to mortgage fraud allegations in a letter obtained by Axios. Why it matters: The Supreme Court this year blocked Trump's first attempt to remove Cook, finding that the Fed official was not given notice or a chance to respond. - The new letter seeks to satisfy those requirements in what remains an unprecedented effort to fire a sitting Federal Reserve governor. - News of the letter, dated Wednesday, was first reported by ABC News. Driving the news: The letter revives the same mortgage-fraud allegations that formed the basis of Trump's earlier effort…
The Trump administration has launched a new effort to remove Federal Reserve Gov. Lisa Cook , notifying her that President Trump is considering her removal and giving her 21 days to respond to mortgage fraud allegations in a letter obtained by Axios. Why it matters: The Supreme Court this year blocked Trump's first attempt to remove Cook, finding that the Fed official was not given notice or a chance to respond. - The new letter seeks to satisfy those requirements in what remains an unprecedented effort to fire a sitting Federal Reserve governor. - News of the letter, dated Wednesday, was first reported by ABC News. Driving the news: The letter revives the same mortgage-fraud allegations that formed the basis of Trump's earlier effort…Open
