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Two months after he was blocked by the Supreme Court, President Donald Trump has resumed his effort to oust Federal Reserve governor Lisa Cook as part of an effort to stack the central bank's board with more allies.
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The Trump administration, rebuffed by the Supreme Court in its first attempt to fire Lisa D. Cook, sent the Federal Reserve governor a letter saying it was "considering" removing her from the job.
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Weak July jobs report helps case for Fed to hold rates but doesn't take hikes off the table finance.yahoo.comU.S. stocks jump as employers unexpectedly cut 23,000 jobs, raising hopes for easier rate policy NBC New YorkThe Fed was expected to hike interest rates in September. Don't bet on that now, economists say. CBS News
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While the Fed didn't raise rates, the bond market did. That means hardship for home buyers and higher hurdles for A.I. data centers and the stock market. But it's also a boon for retirees.
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