Politics
The modern world is built in Detroit so maybe that’s where the Davos World Economic Forum will relocate. So says Larry Fink.
Battle for Fed independence escalates as DOJ goes after Fed, and Powell holds ground
Lisa Cook AG letter says: “There is no fraud, no intent to deceive, nothing whatsoever criminal or remotely a basis to allege mortgage fraud”
Jobs & inflation data releases would pause in a government shutdown, which makes Fed and Wall Street market outlook jobs more difficult. Here’s a rundown.
Mortgage docs show Bessent once agreed to occupy two different houses as his 'principal residence' at the same time. Trump wants to fire Fed governor Cook for a similar issue. Neither situation is clear proof of fraud.
Lisa Cook can for now remain at the Fed for September 17 FOMC meeting, where it's expected to cut rates to bolster a cooling job market. Trump may appeal to Supreme Court right away.
A federal court ruled that Fed governor Lisa Cook can keep job while she fights president Trump’s efforts to fire her. Case still likely to end up in Supreme Court.
The Treasury secretary's quiet tensions with housing finance chief Bill Pulte exploded at a private dinner in Washington, DC last week.
Reuters says public records show that close relatives of the U.S. housing finance regulator accusing a Fed governor of improperly claiming primary residence on two properties have declared the same status on two homes in two different states
WATCH: Federal Housing Finance Agency Director Bill Pulte shares where he received alleged mortgage fraud tip on Fed Governor Lisa Cook, and his thoughts on Fed Chair Jay Powell
Fed governor Lisa Cook took out 2 owner-occupied and 1 second-home mortgage in 2021, about 1 year before her Fed appointment was confirmed by the Senate. Here key details on each loan.
Fed responds to Trump effort to fire Lisa Cook, says president needs 'cause' & says it’ll abide by any court ruling in a case that could land at Supreme Court
Given Trump’s latest move to fire Fed governor Cook, global investors are caught between the concerns over politicisation of policy and the payoffs for markets.
President Trump move to fire Fed governor Lisa Cook could end up being challenged at the Supreme Court if her lawyer Abbe Lowell prevails
In July, CFPB funding cut in half by Big Beautiful Bill. In August, court allows mass firings to resume.
