Trump ousts Fed Reserve Governor Lisa Cook over mortgage fraud allegations
WASHNGTON, D.C.—President Donald J Trump today announced to X the immediate removal of Federal Reserve Governor Lisa Cook, a Biden appointee, “for cause” under Article II of the U.S. Constitution. Although the Board is intended to act independently, a president can remove any governor for inefficiency or misconduct. Cook’s removal is centered on a recent […]
US economy surges in Q2 of 2025, exceeding expectations
The US economy grew at an annualized rate of 3.0% in the second quarter of 2025, surpassing economists’ expectations and signaling robust economic momentum driven by private-sector activity. Consumer spending accelerated, inflation cooled, and real disposable income rose, while manufacturing and auto output posted significant gains. Despite concerns over trade policies and tariffs, the economy […]
