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President Donald Trump on Friday requested that a federal judge deny a request by Federal Reserve Governor Lisa Cook to prevent the president from firing her, as the court proceedings in the lawsuit to block her removal play out.Trump on Monday moved to fire Cook over mortgage fraud allegations raised by the president's ally, Federal Housing Finance Agency Director Bill Pulte, which centered on Cook claiming primary residence status on two […]

Trump-appointed government official Bill Pulte fired off a second criminal referral letter targeting Federal Reserve System board of governors member Lisa Cook less than a month after his initial referral letter against her."As Director of the U.S. Federal Housing Finance Agency," Pulte wrote in an Aug. 28 letter to Attorney General Pam Bondi and Special Attorney Edward Martin, "I reiterate the referral on August 15, 2025, and provide new information […]

About 780,000 pressure washers sold at major home improvement retailers nationwide are being recalled after users reported dozens of explosions, according to regulators. TTI Outdoor Power Equipment’s Ryobi Electric Pressure Washer’s capacitor can overheat and eventually burst, "causing parts to be forcefully ejected, posing a risk of serious injury from impact to the user or bystanders," according to the Consumer Product Safety Commission (CPSC). About 764,000 were sold in the U.S. and about 16,000 were […]

President Donald Trump's attempt to oust Federal Reserve Governor Lisa Cook — a move without precedent in American history — sets the stage for a high-stakes legal battle likely bound for the U.S. Supreme Court.Tensions reached a new fever pitch Thursday morning after Cook sued the Trump administration over its attempt to remove her, an effort she argued is an "unprecedented and illegal" pretext by which Trump is looking to […]

The Federal Reserve's preferred inflation gauge showed that inflationary pressures remained elevated in July, as the central bank mulls an interest rate cut at its meeting next month.The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.2% from a month ago in July and remained at 2.6% on a year-over-year basis, in line with the expectations of economists polled by LSEG.Core PCE, which excludes volatile food and […]