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RARE PHOTOS: 11 | Rare Historical Photos

Trump ally probing rivals’ ‘mortgage fraud’ speaks directly with the president - and skips typical DOJ hierarchy

EXCLUSIVE: Trump and ‘Special Attorney for Mortgage Fraud’ Ed Martin are speaking as often as four times per week as the GOP activist prepares to seek indictments against prominent Democrats

The Independent UK

The Guardian view on Trump and the Fed: independence is no substitute for accountability

Editorial: The US president’s move against Lisa Cook shows his despotic bent, but the Fed was never democracy’s guardian. It’s time to rethink who really controls money

The Guardian - UK

Step back and take it in: the US is entering full authoritarian mode

Trump’s dictator-like behaviour is so brazen, so blatant, that paradoxically, we discount it. But now it’s time to call it what it is, says Guardian columnist Jonathan Freedland

The Guardian - UK

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Senate Banking Democrats urge Scott to delay Fed nominee hearing - Roll Call

As Federal Reserve governor Lisa Cook fights for her job, Senate Banking panel Democrats say a hearing for a Fed nominee should be delayed.

Roll Call

In Trump’s Push to Fire Fed Governor, a Curious Target

In seeking to oust Lisa Cook, President Trump attacks a likely ally on interest rates who happens to be the first Black woman in the job.

Capital & Main

Dollar Gains on Strength in US Economic Reports

The dollar index (DXY00 ) today is up by +0.05%. The dollar is climbing today on signs of strength in US consumer spending after July personal spending rose by the most in four months. Also, sticky inflation pressures are hawkish for Fed policy and are supportive for the dollar after...

Barchart

Trump's Fed Coup

Plus: Beachy vignettes, Smithsonian scrutiny, Gavin Newsom might not be the Democrats' great new hope, and more...

Reason

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The first battle in the war on Fed independence takes shape today at Lisa Cook’s emergency hearing

Trump’s bid to oust Fed governor Lisa Cook faces a legal showdown as she sues to block her removal, escalating the fight over Fed independence.

Fortune

‘I own the store and I set the prices’: Trump’s corporate extortion scheme turns America into his personal ‘giant department store’

The country looks more like China than America now.

We Got This Covered

First Thing: White House picks Kennedy deputy Jim O’Neill to replace fired CDC chief

Ex-investment manager chosen as agency’s interim director after firing of Susan Monarez. Plus, how marijuana became the US Open’s new distraction

The Guardian - UK

Stock Market Today: Dow, Nasdaq, S&P 500 Futures Tumble As PCE Index Ticks Up In July—Dell, Marvell, Alibaba Earnings In Focus (UPDATED)

Editor’s Note: The future prices of benchmark tracking ETFs, the lede, and the latest economic releases were updated in the story.

Benzinga

US appeals court rules most of Trump’s sweeping global tariffs illegal – as it happened

Ruling upholds decision from trade court while president attacks ‘Highly Partisan Appeals Court’ and says he will win tariff fight

The Guardian - US

Trump accused of using mortgage fraud allegations as ‘weapon of choice’ to attack Fed

At hearing for Federal Reserve governor’s suit over firing, attorney says president engages in ‘litigation by tweet’

The Guardian - US

Fed Governor Lisa Cook sues Trump over move to fire her

The case could become a turning point for the 112-year-old Federal Reserve, which was designed by Congress to be insulated from day-to-day political influence.

Euronews

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The Guardian - US

Trump news at a glance: CDC chief was fired for resisting vaccine changes that ‘flew in the face of science’

A deputy of Robert F Kennedy Jr will reportedly replace Susan Monarez as acting head of the Centers for Disease Control and Prevention. Key US politics stories from Thursday 28 August at a glance

Barchart

Dollar Pressured by Fears Over Fed Independence and Strong Stocks

The dollar index (DXY00 ) on Thursday fell by -0.40%. The dollar was under pressure Thursday from a stronger yuan, which rose to a 9.5-month high against the dollar. The dollar also remains under pressure due to concern over the Fed's independence and fears about capital flight with President Trump's...

Reason

Fed Governor Lisa Cook's Record Is a Reminder of the Social Justice Insanity of 2020

Trump is attempting to fire a Federal Reserve board governor.

Benzinga

S&P 500 Breaks New Records But Nvidia Misses The Party: What's Moving Markets Thursday?

The SP 500 extended its spectacular rally to fresh record highs on Thursday, even as its most influential stock, Nvidia Corp. (NASDAQ:NVDA), failed to impress with its latest quarterly results.

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Al Jazeera

Federal Reserve Governor Lisa Cook sues Trump for his attempt to fire her

The lawsuit comes amid concerns that the US president is trying to sway central bank’s decisions on monetary policy.

Saving Advice

Rabbis; The Economy; His Majesty’s Health

RABBIS Orthodox Rabbis Emerge as Growing Voice of Criticism of Israel’s Tactics in Gaza. Hamas is no longer a credible threat. Israel should immediately flood...

Top News

President's Plan To Reorient Federal Reserve Sparks Controversy

President's potential control over Federal Reserve raises concerns about independence and implications. Experts warn of critical moment for Fed independence.

Top News

Federal Reserve Governor Sues Trump Over Firing Attempt

Federal Reserve Governor Lisa Cook challenges President Trump's attempt to dismiss her, emphasizing the importance of Fed's independence and legal precedent.

Top News

Federal Reserve Governor Files Lawsuit Against Trump Administration

Federal Reserve Governor Lisa Cook challenges her dismissal by President Trump in court, raising concerns about the independence of the Federal Reserve and...

Top News

Federal Reserve Governor Sues Trump Administration Over Firing Attempt

Federal Reserve Governor Lisa Cook challenges Trump administration's attempt to dismiss her, highlighting the importance of Fed's independence and autonomy.

Barchart

Dollar Slips on Yuan Strength and Concern Over Fed Independence

The dollar index (DXY00 ) today is down by -0.37%. The dollar is under pressure today from a stronger yuan, which rose to a 9.5-month high against the dollar. The dollar also remains under pressure due to concern over the Fed’s independence and fears about capital flight with President Trump’s...

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