Fed governor Lisa Cook puts the bank's independence front and center as she sues Donald Trump

Tech Insider : Politics, Business, Economy
A composite image of Lisa Cook and Donald Trump
President Donald Trump told reporters that he'll soon have a "majority" at the Federal Reserve, underlining the fight over Fed Gov. Lisa Cook's future.

Jonathan Ernst/Reuters; Alex Brandon/AP

Fed emphasizes its commitment to 'independence' as Lisa Cook pledges to sue over Trump's 'illegal' firing

Tech Insider : Politics, Business
Lisa Cook
Lisa Cook's lawyer said she plans to sue over President Donald Trump's decision to try to fire her from the Federal Reserve.

Drew Angerer/Getty Images

Trump is trying to fire a Fed governor. Here's what happened when other countries' presidents did the same thing.

Tech Insider : Economy, Business, Style
lisa cook (left) and donald trump (right)
President Donald Trump wants to fire Federal Reserve Gov. Lisa Cook.

SAUL LOEB/AFP via Getty Images; Chip Somodevilla/Getty Images

Trump's fight with the Fed heats up as Lisa Cook refuses to step aside

Tech Insider : Politics, Economy, Business
President Trump and Fed Governor Lisa Cook
President Donald Trump said he was removing Fed Governor Lisa Cook.

ANDREW CABALLERO-REYNOLDS/Getty, SAUL LOEB/Getty

Meet Stephen Miran, Trump's newest Federal Reserve Board pick

Tech Insider : Politics, Business, Economy
Stephen Miran
Miran at a confirmation hearing in February of this year.

Tom Williams/CQ Roll Call via Getty Images

A Federal Reserve governor just said she's resigning early, giving Trump a chance to put even more pressure on Powell

Tech Insider : Economy, Business
Donald Trump points out a figure to Federal Reserve Chair Jerome Powell during a visit to a Fed construction site.
President Donald Trump points out a figure to Federal Reserve Chair Jerome Powell during a visit to a Fed construction site.

Andrew Caballero-Reynolds/AFP/Getty Images

Federal Reserve Chair Jerome Powell says he didn't major in economics because he saw it as 'boring and useless'

Tech Insider : Economy, Politics, Business
Fed Chair Jerome Powell
Federal Reserve Chairman Jerome Powell is a graduate of Princeton University.

Bonnie Cash/Getty Images

Stocks tanked after the Fed signaled fewer rate cuts next year. Here's what analysts are saying.

Tech Insider : Economy, Economy, Business
jerome powell
Federal Reserve Chair Jerome Powell surprised markets on Wednesday evening.

Jacquelyn Martin/AP

Elon Musk wants to 'delete' a federal agency designed to prevent another financial crisis and protect people from scams

Tech Insider : Economy, Politics, Business
Elon Musk
Elon Mush and Vivek Ramaswamy have floated "deleting" entire agencies, laying off staff, and enforcing return-to-office mandates to cut costs.

Samuel Corum/Getty Images

The fight over Jerome Powell puts Elon Musk at odds with Wall Street

Tech Insider : Politics
Elon Musk, Donald Trump, Jerome Powell
Elon Musk has signaled support for undercutting Fed independence, setting off quiet alarm bells on Wall Street.

Getty Images

Subscribe to federal-reserve