President Donald Trump's goal of appointing a majority of the Federal Reserve's board of governors faced a setback Tuesday when a court blocked his unprecedented attempt to fire Lisa Cook.

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The euro eases from the four-year high reached against the dollar Wednesday following the Federal Reserve’s decision to cut interest rates by 25 basis points. The dollar initially weakened after the decision but quickly reversed higher as Fed Chair Jerome Powell sounded cautious about future policy easing,

In what was expected to be a contentious Federal Reserve meeting, policymakers on Wednesday instead emerged with a nearly unanimous voice to cut interest rates by a quarter-point.

The Fed, in a near-unanimous decision, lowered rates by 25 basis points. But that brought markets little cheer.

The Dow gives back a 500-point rally before turning higher again

President Donald Trump's administration has renewed its request to fire Lisa Cook from the Federal Reserve’s board of governors. The administration filed a response to a federal appeals court