Bloomberg Daybreak: US Edition
Fed's Cook Defies Trump Pressure; Jackson Hole Conference Starts
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Show notes
On today's podcast:
1) Federal Reserve Governor Lisa Cook signaled her intention to remain at the central bank, defying calls for her resignation by President Donald Trump over allegations of mortgage fraud.
2) US stock futures pointed to a firmer tone for tech shares on Thursday after days of selling as investors awaited the Federal Reserve’s gathering at Jackson Hole.
3) Vice President JD Vance said negotiations over ending Russia’s war in Ukraine are focused on security guarantees for Ukraine and territory Russia wants to control — including Ukrainian territory that Russia isn’t occupying — as the US tries to broker a peace deal between the two nations.
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