Reported about 15 hours ago
Federal Reserve Governor Lisa Cook's ongoing legal battle against President Trump could significantly influence the Fed's composition and monetary policy for years. Trump's attempt to dismiss Cook, citing alleged mortgage mislabeling, is pending court decision. The outcome could reshape the Fed's power dynamics, especially with new terms for all regional Fed presidents in February 2026, which may lead to a shift in interest rate policy that could impact markets.
Source: YAHOO