Articles in this Cluster
26-08-2025
US President Donald Trump has announced that he will remove Federal Reserve governor Lisa Cook from her position, citing 'sufficient reason' to believe she made false statements on mortgage agreements. Cook, the first African American woman to serve in the role, has refused to resign, stating that Trump has no authority to fire her. The move is seen as a major escalation in Trump's battle against the US central bank and has raised legal questions. Experts suggest that the White House will need to demonstrate in court that it had sufficient reason to fire Cook. The decision has also sparked concerns over the potential impact on the Fed's independence and the market's perception of US investibility.
Entities: Donald Trump, Lisa Cook, Federal Reserve, US central bank, Joe Biden • Tone: negative • Sentiment: negative • Intent: inform
26-08-2025
Asia-Pacific markets mostly fell on Tuesday as investors reacted to U.S. President Donald Trump's decision to fire Federal Reserve Governor Lisa Cook and his escalatory rhetoric on tariffs. Trump's threats of '200% tariffs or something' on China if it doesn't export rare-earth magnets and levies on countries with digital taxes caused concern. The move also impacted currency and commodity markets, with gold strengthening and the U.S. dollar index flattening. Investors also assessed a meeting between South Korean and U.S. presidents regarding a trade deal. Various Asia-Pacific indices, including Japan's Nikkei 225, Australia's S&P/ASX 200, and India's Nifty 50, declined, while China's CSI 300 rose slightly.
Entities: Donald Trump, Lisa Cook, China, United States, Federal Reserve • Tone: negative • Sentiment: negative • Intent: inform
26-08-2025
The article discusses the need for a rebranding exercise for the White House due to President Donald Trump's unconventional economic policies and business dealings. Trump has threatened 200% tariffs on China over rare earths, fired Fed Governor Lisa Cook, and announced new tariffs on countries with digital services tax. The U.S. government's 10% stake in Intel has raised concerns about 'state-owned enterprises' and 'Trump-associated enterprises.' The article also covers the impact of Trump's policies on U.S. stocks, Nvidia earnings, and a series of agreements between the U.S. and South Korea.
Entities: Donald Trump, United States, China, Intel, Nvidia • Tone: neutral • Sentiment: negative • Intent: inform
26-08-2025
The article discusses President Donald Trump's decision to fire Federal Reserve Governor Lisa Cook, a move that marks the first time a president has fired a central bank governor in the Fed's 111-year history. A former prosecutor reacts to this decision, questioning the cause behind it.
Entities: Donald Trump, Lisa Cook, Federal Reserve, CNN, Austin Mabeus • Tone: analytical • Sentiment: negative • Intent: inform
26-08-2025
Federal Reserve Governor Lisa Cook has refused to step down despite President Trump's announcement that he is removing her from the central bank's board of governors, citing allegations of mortgage fraud. Cook, who was appointed to the board in 2022 and reappointed in 2023, has denied any wrongdoing and vowed to continue carrying out her duties. Trump's decision to fire Cook is seen as a legally dubious move that could undermine the independence of the central bank. Cook's removal has sparked concerns about the potential for political interference in the Fed's decision-making process.
Entities: Lisa Cook, Federal Reserve, President Trump, Donald Trump, Jerome H. Powell • Tone: neutral • Sentiment: negative • Intent: inform
