Funding & Business
Court Blocks Trump From Firing Cook Ahead of Fed Meeting
The high-stakes showdown between the Trump administration and the US central bank intensified Monday as an appeals court blocked the White House from removing Federal Reserve Governor Lisa Cook from her post for now. (Source: Bloomberg)
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BNP Paribas Group Chief Economist Isabelle Mateos Y Lago discusses the US economic situation as Federal Reserve prepares to deliver its interest-rate decision this week. “I think it makes sense for the Fed to tilt a little bit its posture towards paying attention to employment, but it’s not as if it can take its eyes away from the inflation ball,” she tells Bloomberg Television. (Source: Bloomberg)
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UBS Group AG is facing a $26 billion increase in capital requirements leveled by its home government, Switzerland. Bloomberg’s Myriam Balezou reports.
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Anna Edwards, Guy Johnson, Valerie Tytel and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” (Source: Bloomberg)
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