US News
LAST UPDATE: September 16, 2025
Senate Votes to Confirm Trump Pick Stephen Miran to Fed Board
The Senate narrowly confirmed Stephen Miran to the Federal Reserve Board, positioning him to participate in imminent policy decisions as he takes unpaid leave from his White House role.
Insight
The move tightens the administration’s influence over the Fed and raises fresh questions about central bank independence ahead of rate deliberations.
US appeals court rejects Trump bid to oust Fed’s Lisa Cook
A U.S. appeals court rejected an effort to remove Fed Governor Lisa Cook, allowing her to remain on the Board ahead of a key policy meeting amid unproven mortgage-fraud allegations.
Insight
The ruling is a significant marker for Fed independence, limiting executive attempts to dismiss governors absent clear statutory cause.
No evidence of primary residence violation by Fed Gov Lisa Cook, says Michigan official
A Michigan property-tax official said there was no evidence that Fed Governor Lisa Cook violated primary-residence rules concerning her Ann Arbor home.
Insight
The finding undercuts a central claim in efforts to discredit or remove Cook, easing immediate legal and political pressure on her tenure.
Fate of Fed Intertwined With FTC Democrat, Supreme Court Told
In Supreme Court filings, lawyers argued that allowing the president to remove independent-agency members would undermine the legal basis for Federal Reserve independence.
Insight
The case could set precedent affecting the Fed’s structural protections, with ripple effects for monetary policy autonomy.
