2025-08-29
14 分钟Fed Governor Lisa Cook has filed a lawsuit against President Trump over his attempt to fire her.
Plus, how the Trump administration plans to crack down on a major money laundering network.
The Trump administration says it's going to prioritize investigating cases related to fentanyl,
related to drug traffickers in the Mexican cartels, and related to Chinese money laundering groups.
And why even small packages shipped to the U.S. from overseas are about to cost more.
It's Thursday, August 28th.
I'm Alex Oselev for The Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
Yesterday,
we mentioned that Federal Reserve Governor Lisa Cook was expected to sue President Trump over his attempt to fire her.
Today, she did it.
The lawsuit filed in Washington, D.C.
Federal District Court alleges that Trump violated the law by attempting to remove Cook from her post without a valid reason.
The suit sets up an unprecedented legal battle that will test the president's power over the independent central bank's seven-member board.
Earlier this week,
Trump cited allegations that Cook submitted fraudulent information on mortgage applications and said he was prepared for a legal fight.
The lawsuit also names Fed Chairman Jerome Powell and the Fed board as defendants and seeks to block them from complying with Trump's order to remove her.
A Fed spokesman declined to comment on the suit.
The Fed previously said it will abide by any court decision on the matter.