financetom
Economy
financetom
/
Economy
/
Fed's Cook acknowledges attempt to remove her, declines comment amid legal action
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Fed's Cook acknowledges attempt to remove her, declines comment amid legal action
Nov 3, 2025 12:00 PM

(Reuters) -Federal Reserve Governor Lisa Cook on Monday said "it is the honor of my life" to work at the central bank amid attempts by the Trump administration to fire her.

Cook's comments came after a speech on the economy, and she said of the legal attempt to remove her that "because the case is ongoing, it would be inappropriate for me to comment further today." She added in an appearance at the Brookings Institution "I am beyond grateful" for the support she has gotten.

The case to remove Cook is now before the Supreme Court. 

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump's tariff collections expected to grow in June US budget data
Trump's tariff collections expected to grow in June US budget data
Jul 11, 2025
WASHINGTON (Reuters) -The U.S. Treasury Department on Friday will reveal the strength of President Donald Trump's tariff revenues in its June budget data, as collections from multiple waves of new import duties start to build into a substantial government revenue source. The budget data, due at 2 p.m. EDT (1800 GMT), is expected to show that customs receipts topped $100...
US customs duties reach record $27 billion in June, spurring small surplus
US customs duties reach record $27 billion in June, spurring small surplus
Jul 11, 2025
* US Treasury reports small budget surplus for June * Gross customs duties revenue reaches $27 billion for June * Customs receipts top $100 billion for first time in a fiscal year * Treasury chief says US tariff revenue could reach $300 billion in 2025 (Updates with Treasury release) By David Lawder WASHINGTON, July 11 (Reuters) - U.S. gross customs...
Biofuel demand to soak up more than half of US soyoil production next year, USDA says
Biofuel demand to soak up more than half of US soyoil production next year, USDA says
Jul 11, 2025
CHICAGO (Reuters) -U.S. biofuel makers will consume more than half of all soybean oil produced in the United States next year as a recent flurry of federal policy moves has transformed the sector, including higher blending mandates and curbs on foreign biofuel imports and feedstocks, the U.S. Department of Agriculture said on Friday. In a monthly supply-and-demand report, the USDA...
Trump's tariff collections expected to grow in June US budget data
Trump's tariff collections expected to grow in June US budget data
Jul 11, 2025
* Forecasters expect $20 billion to $25 billion in customs receipts in June * Treasury chief says US tariff revenue could reach $300 billion in 2025 * US Treasury to release June budget data at 2 p.m. EDT (1800 GMT) By David Lawder WASHINGTON, July 11 (Reuters) - The U.S. Treasury Department on Friday will reveal the strength of President...
Copyright 2023-2026 - www.financetom.com All Rights Reserved