Monica Ricks

Up until now, it's never been used.

Whether Trump's tariffs take effect also depends on a pending ruling from the Supreme Court.

And Wall Street is looking ahead to Tuesday to hear from those justices.

Bloomberg's Nathan Hagers in Washington.

The Supreme Court's expected to hear oral arguments on Wednesday and decide whether the president has the authority to fire Fed Governor Lisa Cook for cause.

The president accused Cook of alleged mortgage fraud last year, which she denies.

Former Fed Chair Janet Yellen talked to Bloomberg about it, and she says a ruling in Trump's favor would be devastating.

Hear more from Janet Yellen on the Everybody's Business podcast.

Trump's also tried to fire Fed Chair Jerome Powell for cause following repeated attacks for not lowering interest rates enough.

BlackRock CEO Rick Reeder is on Trump's shortlist to be the next Fed chair, and his candidacy now seems to be gaining traction.

Sources tell Bloomberg Reeder's interview with the president went well last week.

Fed governors Kevin Warsh and Christopher Waller are also up for the job.

President Trump's economic and geopolitical agenda hit the global stage this week.

Here's Bloomberg's Andrew O'Day.

Violent clashes continue in Minneapolis amid pro ice demonstrations now happening in the city.

There are only ones escalating.

The FBI has asked agents to head to Minneapolis to aid ice.

The Pentagon also has troops on standby.

The Trump administration will allow more foreign athletes to travel to the US despite its visa ban on dozens of countries.

The State Department now says athletes, coaches and support staff for events like the World Cup and Olympics can come, but foreign fans are still banned.