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Bloomberg
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How New Rochelle, NY Is Uncovering New Housing Solutions
New Rochelle, New York Mayor Yadira Ramos-Herbert (D) discusses her city's progress on the issue of housing affordability, and growing popularity as a destination for both developers and local residents alike. Mayor Ramos-Herbert speaks with Tim Stenovec and Norah Mulinda on Bloomberg Businessweek Daily. Please note that New Rochelle previously received funding as part of the Bloomberg Philanthropies Mayors Challenge in 2018, and Mayor Ramos-Herbert has taken part in various Bloomberg Philanthropies programs. (Source: Bloomberg)
Politico
an hour ago
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DOJ calls for Powell to fire Cook over fraud accusation
Martin's letter, which was first reported by Bloomberg, was sent as President Donald Trump and administration officials have sought to pressure Fed policymakers into lowering interest rates. Trump has called for Cook's resignation. Federal Housing Finance Agency Director Bill Pulte sent a criminal referral to the Justice Department last week alleging that Cook had claimed two separate homes as a primary residence. The combative FHFA director has logged similar referrals for Sen. Adam Schiff (D-Calif.) and New York Attorney General Letitia James — and on Thursday said his agency was investigating Cook over a separate property. Fed board members can be removed only by the president 'for cause,' a provision that has not been fully litigated but has generally been interpreted to mean that the president can't fire a central banker over policy disagreements. Cook was nominated by President Joe Biden and confirmed by the Senate on a party-line vote in 2022. While Pulte has said that he believes that Trump has enough evidence to fire Cook for cause, it's unclear how Powell could act. The Federal Reserve Act offers no indication that the chair can dismiss board members. Fed spokesperson Darren Gersh declined to comment. Martin did not immediately respond to requests for comment. Cook has denied wrongdoing and said on Wednesday that she has 'no intention of being bullied to step down from my position because of some questions raised in a tweet.'
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Fintech's Next Growth Chapter
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