News24 | Trump tests limits of power with firing of Fed Reserve Governor Cook over mortgage fraud allegations
Tuesday, 26 August 2025 () US President Donald Trump said he was firing Federal Reserve Governor Lisa Cook over alleged improprieties in obtaining mortgage loans, an unprecedented step that could test the boundaries of presidential power over the independent monetary policy body should it be challenged in court.
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EU defends sovereign right to regulate tech against Trump's latest tariff threat
The European Commission has defended its sovereign right to regulate in reaction to Donald Trump's threat of retaliation against Big Tech laws.
READ MORE : http://www.euronews.com/2025/08/26/eu-defends-sovereign-right-to-regulate-tech-against-trumps-latest-tariff-threat
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Credit: euronews (in English) Duration: 01:54Published
President Trump says he is firing a governor of the US central bank, a move seen as intensifying his bid for control over the setting of interest rates. Sky News
Massive anti-Trump protests have engulfed Washington D.C. following President Trump’s federal takeover of the capital. Crowds flood the streets, chanting “Dump Trump,” as demonstrators denounce what they describe as an extraordinary power grab. Stay tuned for LIVE updates from the epicenter of the unrest.
#AntiTrumpProtests #TrumpFederalTakeover #DCFederalTakeover #WashingtonDCProtests #TrumpDCControl #DCTakeover #TrumpInDC #DCPoIiceTakeover #TrumpDCCrackdown #TrumpDCAnnouncement #TrumpWashingtonDC #FederalControlDC #TrumpNationalGuard #TrumpRally #TrumpLive
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Trump has officially ruled out Scott Bessent for the next Fed chair, telling CNBC that Bessent “wants to stay where he is.” The decision follows the surprise resignation of Fed Governor Adriana Kugler, giving Trump another opportunity to reshape the Federal Reserve with loyalists. Remaining candidates include Kevin Warsh, Kevin Hassett, and Fed Governor Chris Waller—whom Trump praised as “very good.” With Powell’s term ending in 2026, Trump is considering naming a “shadow chair” to counteract his policies and align the Fed with his low-rate agenda.
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In a dramatic showdown, President Trump demands urgent interest rate cuts to stimulate the struggling economy — but the Federal Reserve stands firm, leaving rates unchanged. This escalating conflict between the White House and the central bank raises fears of economic instability and political tension. What does this mean for borrowers, investors, and the future of the U.S. economy? Watch to get the full breakdown of the battle heating up in Washington and Wall Street.
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Posted • August 21, 2025: Over the last several weeks, we've told you about a few prominent Democrats who are in hot water over allegations of mortgage fraud, including NY AG Letitia James,..