Exclusive: Fed Governor Cook declared her Atlanta property as “vacation home,” documents show. Let’s get straight to it. It seems like some folks tried to make a mountain out of a molehill regarding Fed Governor Cook’s property in Atlanta. The heart of the matter is this: she declared it as a vacation home, and the documents seem to back that up. This isn’t a matter of a second primary residence, which is what some were insinuating.
Exclusive: Fed Governor Cook declared her Atlanta property as “vacation home,” documents show. Honestly, the whole thing feels like a manufactured controversy. It’s almost as if people were desperately searching for anything, anything at all, to criticize her.… Continue reading
US consumer inflation accelerates; weekly jobless claims approach four-year high, and it’s definitely a situation that’s got people talking, and not in a good way. It seems like things are heading in a direction that many predicted, and the consequences are starting to hit home. The rise in inflation, as reported by the Labor Department, is the biggest jump we’ve seen in a while, and that’s directly translating into higher prices for everyday essentials.
The other side of this coin is the news about weekly jobless claims. They’re nearing a four-year high, which means more people are finding themselves out of work.… Continue reading
In a recent ruling, a judge has blocked a former president from removing Federal Reserve Governor Lisa Cook. The judge’s preliminary injunction cited that the removal attempt violated the Federal Reserve Act’s “for cause” provision, which limits grounds for removal to actions related to the Governor’s behavior in office. This decision allows Cook to participate in upcoming Fed meetings. The former president’s effort to remove Cook followed months of pressuring the Fed to lower interest rates, and stemmed from allegations of mortgage fraud that occurred before Cook joined the Fed.
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“I’m Gonna Punch You in Your F—ing Face”: Scott Bessent Threatens an Administration Rival – It’s a bold statement, isn’t it? Coming from a high-ranking official, it paints a vivid picture of the current political climate, doesn’t it? The alleged threat from Scott Bessent to an administration rival, specifically involving a confrontation described as “I’m going to fucking beat your ass,” immediately grabs your attention. It’s the kind of thing that seems more at home in a high school brawl than in the corridors of power.
The details surrounding this alleged threat, as relayed by multiple sources, offer a disturbing glimpse into the dynamics within the administration.… Continue reading
The Bureau of Labor Statistics (BLS) released August jobs numbers indicating a disappointing increase of only 22,000 nonfarm payrolls, far below the projected 75,000. While healthcare saw gains, losses in federal government employment, mining, quarrying, and oil/gas extraction offset those gains. This follows the firing of the previous BLS commissioner by President Trump due to weak employment data from the previous month. Furthermore, analysts are noting a possible rate cut by the Federal Reserve.
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Justice Department opens criminal investigation into Federal Reserve Governor Lisa Cook: Sources. It appears the news of a Justice Department investigation into Federal Reserve Governor Lisa Cook has ignited a firestorm of commentary, and I’m here to sort through the reactions. The central point, the spark that ignited this discussion, is the launching of a criminal probe into Cook. The subsequent debate immediately centers around the application of consistent standards of accountability and raises questions about fairness and potential political motivations.
Justice Department opens criminal investigation into Federal Reserve Governor Lisa Cook: Sources. A core concern is the argument that if someone commits fraud, they should face consequences, regardless of their position.… Continue reading
In August, U.S. private sector hiring saw a smaller-than-expected increase, with only 54,000 jobs added, a significant drop from the previous month. This slowdown was attributed to factors such as consumer worries, labor shortages, and AI-related disruptions, particularly impacting trade, transportation, utilities, and education/health services. The leisure and hospitality industry showed gains, but overall, the ADP report contributes to an already concerning labor market picture, further evidenced by rising jobless claims and a decline in job openings. Consequently, market observers are now more convinced that the Federal Reserve will cut rates at its upcoming meeting.
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During a discussion on MSNBC, Rep. Maxine Waters urged for the 25th Amendment to be invoked against President Trump due to his actions, specifically his removal of Lisa Cook from the Federal Reserve Board. Waters emphasized the urgency of addressing the situation, asserting that Trump’s actions pose a danger to the country and democracy. The conversation was spurred by Trump’s removal of Cook, leading to a lawsuit and escalating tensions between the White House and the Federal Reserve. Waters’ remarks followed the firing of Cook by Trump, which was challenged by Cook.
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July’s inflation, as measured by the Federal Reserve’s preferred personal consumption expenditures (PCE) price index, edged higher, with core inflation reaching a 2.9% annual rate, the highest since February. The all-items index also hit the consensus outlook at a 2.6% annual rate. While the Fed targets a 2% inflation rate, markets still anticipate the Fed to resume lowering its benchmark interest rate, with experts like Ellen Zentner emphasizing the importance of labor market data. Despite rising prices, consumer spending increased 0.5%, alongside a 0.4% rise in personal income, indicating economic strength.
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Federal Reserve Governor Lisa Cook is suing former President Donald Trump over his attempt to remove her from her position, sparking a legal challenge regarding the Fed’s autonomy. Trump cited “sufficient reason” to believe Cook made false statements regarding her mortgage, which he says allows him to remove her. Cook’s lawsuit seeks to invalidate Trump’s firing order and names Fed Chairman Jerome Powell as a defendant. This legal battle highlights the contentious relationship between Trump and the Fed, particularly concerning interest rate policy.
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Matt Underwood 
John Q. Hosedrinker