Bloomberg News Now September 15, 2025: Court Says Lisa Cook Can Stay, Miran Confirmed to Fed, More
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Sep 16, 2025 Recent updates highlight Lisa Cook's advancement to the Federal Reserve and the confirmation of Stephen Myron. The discussion delves into President Trump's controversial comments regarding crime in Memphis and his take on earnings reporting. Other topics include the FTC investigation into Ticketmaster and insights on futures trading versus ETFs, suggesting traders may find more benefits in the former.
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Cook Remains On Fed Amid Legal Fight
- A federal appeals court blocked Trump's effort to remove Fed Governor Lisa Cook, keeping her seat intact for upcoming meetings.
- The move means the next legal step must come from the U.S. Supreme Court, not lower courts.
Myron Confirmed To Fed, Will Take Leave
- The Senate confirmed economist Stephen Myron to the Fed, enabling him to join tomorrow's two-day meeting.
- Myron will take leave rather than resign from his White House role, marking a rare crossover of administration staff into monetary policy.
Limited Market Reaction To One Fed Vote
- Markets showed limited reaction to Myron's confirmation, likely because he represents one of 12 FOMC votes.
- Observers note a single governor rarely shifts overall interest rate policy by itself.