Bloomberg Daybreak: US Edition Judge Blocks Trump Bid to Fire Cook; President Trump Sues NY Times
36 snips
Sep 16, 2025 An appeals court has temporarily blocked President Trump's attempt to fire Federal Reserve Governor Lisa Cook, allowing her to stay in her position as the legal battle unfolds. Trump is also waging a $15 billion defamation lawsuit against The New York Times, claiming it acts as a Democratic mouthpiece. Additionally, the SEC is considering reducing the frequency of corporate earnings reports, a move Trump supports, but critics warn it could lead to increased market volatility and uncertainty.
AI Snips
Chapters
Transcript
Episode notes
Court Keeps Lisa Cook On The Fed
- An appeals court blocked the White House from removing Fed Governor Lisa Cook pending her lawsuit.
- The court found Trump likely violated Cook's due process by trying to fire her via social media post.
New Fed Governor Could Shift Votes
- Stephen Myron was confirmed to a Fed seat, creating a full board for the upcoming decision.
- His views align with the president and could produce an outlying vote on rate policy.
SEC Considers Cutting Quarterly Reports
- The SEC is prioritizing a proposal to reduce corporate earnings-reporting frequency after Trump's call to end quarterly reports.
- Quarterly reporting began in 1970 to increase transparency after the 1929 crash.