Lawyers for former federal officials have cautioned the Supreme Court that removing Federal Reserve Governor Lisa Cook could subject the nation’s central bank to damaging political pressures. This warning highlights deep concerns about the Federal Reserve’s independence and the broader implications for U.S. monetary policy.

A U.S. judge has temporarily stopped former President Donald Trump from ousting Federal Reserve Governor Lisa Cook. The decision ensures that Cook retains her position while her legal challenge unfolds in court.

Donald Trump says he has fired Federal Reserve Governor Lisa Cook, sparking renewed worries about the independence of the U.S. central bank. The move may lead to legal hurdles and scrutiny from investors and policymakers alike.

Central bankers convening at a U.S. mountain resort are worried about President Donald Trump’s growing attempts to shape the Federal Reserve, particularly his push for interest rate cuts. They fear that the political storm engulfing the Fed could soon affect their own monetary policies as well.

The Trump administration is ramping up efforts to remove Federal Reserve Chair Jerome H. Powell, introducing new arguments to justify this unprecedented move. This escalation highlights the growing tensions between the White House and the central bank leader.