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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.
US Federal Reserve Board Governor Lisa Cook takes part in a board meeting at the central bank in Washington in March. Photo: AFP
Donald Trump

Trump renews effort to fire Fed’s Lisa Cook despite Supreme Court ruling

The president is continuing his attacks on the US central bank’s independence after being dealt a significant legal setback.

United States

US Supreme Court boosts Trump’s power to fire officials, but Fed’s Cook keeps job

Donald Trump

Trump urges new spy chief Pulte to gut US intelligence community

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United States

Powell uses JFK award speech to defend Fed from political pressure

Former Fed chair urges protection of America’s democratic institutions, warns they face a ‘stress test’.

Caroline Kennedy and her son, Jack Schlossberg, present the 2026 John F. Kennedy Profile in Courage Award to Jerome Powell. Photo: Reuters
United States

Warsh takes US Fed’s helm with inflation dilemma already unfolding

Trump’s pick to lead the central bank must contend with an economy roiled by the AI boom, as well as oil price and tariff shocks.

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

The decision clears the way for Warsh to take over the role of Fed chair from Jerome Powell later this week.

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Kevin Warsh testifies before a Senate Banking Committee confirmation hearing on Capitol Hill in April. Photo: Reuters
United States

US Federal Reserve holds interest rates steady, defying Trump pressure

The US president had been pushing for cuts at the central bank’s first policy gathering this year.

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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.

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 Federal Reserve Chair Jerome Powell is set to step down in May. Photo: Reuters
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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US Federal Reserve Governor Lisa Cook speaks during an event at the Brookings Institution in Washington. She warned that the US federal government’s shutdown has challenged the US central bank’s decision-making process. Photo: Reuters
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.

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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The US Supreme Court on Wednesday allowed Lisa Cook (right) to remain as a Federal Reserve governor for now, declining to act on the Trump administration’s effort to immediately remove her from the central bank. Photo: AFP
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.

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.

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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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Commuters pass the New York Stock Exchange. The unemployment rate ticked up to 4.3 per cent, also worse than expected and the highest level since 2021. Photo: AP
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.

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.

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.

US President Donald Trump presents Federal Reserve Chair Jerome Powell with what he called a list of cost overruns for the Fed headquarters renovation project. on July 24 in Washington. Photo: Getty Images / TNS
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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Lisa Coo attends a US Fed meeting discussing proposed revisions to the board’s supplementary leverage ratio standards in June. Photo: TNS
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.

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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