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Lisa Cook

Lisa Cook
The latest news and top stories on Lisa Cook, a US Federal Reserve Governor. She was appointed to the Fed Board in 2022, becoming the first African American woman to hold the position. Her background includes professorships at Michigan State and Harvard Universities, and roles as a senior economist for President Obama's Council of Economic Advisers and at the US Treasury.
Kevin Warsh testifies during a Senate Banking Committee hearing on his nomination on Capitol Hill in April. Photo: AFP
United States

Warsh confirmed as Fed chair, as US central bank faces Trump assault

He is taking over as the world’s largest economy reels from repeated shocks, including inflation fuelled in part by the Iran war.

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United States

US Senate confirms Trump pick Kevin Warsh to Federal Reserve Board

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United States

US Federal Reserve holds interest rates steady, defying Trump pressure

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US Federal Reserve

Trump says preferred Fed pick is ready, again teases firing Powell

US president urges Jerome Powell to resign as he considers a ‘gross incompetence’ lawsuit against the Fed leader.

US President Donald ‍Trump has renewed his ​threat ⁠to bring a lawsuit against Federal Reserve Chair Jerome Powell. Photo: Reuters
United States

US Fed delivers quarter-point rate cut as policymakers weigh inflation outlook

Move falls short of Trump’s demands as debate over Fed independence intensifies and markets brace for global spillover effects.

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US-China trade war

US government shutdown hinders key data insights, impact of Trump’s tariffs

Fed Governor Lisa Cook warns lack of government data has challenged the US central bank’s ability to assess current economic climate.

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Hong Kong stock market

Hong Kong stocks edge lower as investors weigh AI-driven gains

Investors sway between optimism that massive AI investments will sustain earnings and concerns about whether elevated valuations will hold.

The lofty valuation of Palantir is worrying investors. Photo: Reuters
Donald Trump

Letitia James, NY attorney general and Trump foe, indicted for bank fraud

James had brought a civil fraud case against Trump, resulting in a US$454.2 million penalty that was later thrown out on appeal.

United States

Supreme Court bars Trump from immediately firing Fed governor Cook

The court will hear arguments in January on the unprecedented attempt to remove a Fed official, challenging the central bank’s independence.

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Donald Trump

Trump asks US Supreme Court to allow firing of Fed Governor Lisa Cook

Trump first tried to fire Cook on August 25, saying she committed mortgage fraud.

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US Federal Reserve Governor Lisa Cook. Photo: Reuters
United States

US Fed cuts rates for first time in 2025 amid Trump pressure, weaker job outlook

The central bank lowered the rate by a quarter of 1 percentage point, with two more cuts likely this year.

Federal Reserve Chair Jerome Powell’s news conference is displayed on a screen on the floor of the New York Stock Exchange on Wednesday. Photo: AP
US Federal Reserve

Trump administration renews push to fire Fed governor Lisa Cook

Government said Cook’s legal arguments for why she should stay in the job were meritless. She has been accused of mortgage fraud.

United States

Hiring stalls as US firms hold back expansion amid economic uncertainty

US employers added just 22,000 jobs in August, slowing from July and coming in below economists’ expectations.

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United States

Trump admin opens criminal mortgage fraud probe into Fed governor Lisa Cook

The US president has fired Cook over the accusations, prompting her to file a lawsuit challenging his effort to oust her.

Lisa Cook, nominee to be a member of the Board of Governors of the Federal Reserve System, is sworn in in Washington in June 2023. Photo: AFP
US Federal Reserve

Gold and silver surge on rising demand and looming Fed rate cut

The rally in precious metals has been underpinned by expectations that the Fed will reduce interest rates this month.

Gold bullion can be seen after being removed from casts at the ABC Refinery smelter in Sydney. Photo: AFP
Hong Kong economy

Editorial | Erosion of US Fed independence a worry for Hong Kong

City needs a predictable and independent US monetary policy. That is now a big question mark.

United States

Trump sued by Fed Governor over removal, sparking independence fight

Lisa Cook’s lawsuit contests Trump’s authority to remove her from her post, potentially redefining the Federal Reserve’s independence.

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Donald Trump

Trump calls for George Soros and son to be charged over ‘violent protests’

The US president offered no evidence for his accusation against the Democratic donor and his son.

US President Donald Trump has called for billionaire George Soros and his son to face criminal charges. File photo: AFP
Donald Trump

Fed governor will sue to keep her job as Trump mulls replacement

Cook is challenging Trump’s unprecedented attempt to fire her, potentially sparking a legal battle over the Fed’s independence.

United States

US Justice Department to investigate Fed’s Lisa Cook, urges her removal

Her departure would create another opening for Trump to fill on the Fed board as he piles pressure on the central bank to lower rates.

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Lisa Cook testifies before a Senate Banking Committee hearing on her nomination to be a member of the Federal Reserve Board of Governors in Washington in June 2023. Photo: Reuters
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