What deadline has President Trump given Fed Governor Lisa Cook to respond to mortgage fraud allegations, and why is this timing significant?

President Trump has given Fed Governor Lisa Cook three weeks to answer mortgage fraud allegations, with the deadline falling just before the September FOMC meeting — a timing that raises fresh questions about Federal Reserve independence under Chair Kevin Warsh.

What were the key labor market developments reported for July, and how did markets interpret them despite the headline job loss?

The U.S. economy shed 23,000 jobs in July — a surprise miss — but the reaction was tempered by a falling unemployment rate and solid construction gains.

Fed Governor Lisa Cook Under Scrutiny; Oil Prices and Demand Highlighted

Aug 10, 2026

President Trump pressures Fed Governor Lisa Cook over mortgage allegations ahead of the September FOMC meeting, amidst mixed US economic data. Attention shifts to CPI prints with oil near $83 per barrel and China balancing Asia's crude demand.

reuters

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