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ODU hires new VP for national security initiatives

Old Dominion University announced last week that it has named as its inaugural , effective June 6.

In the role, Irvine will oversee  the -based university’s strategic research. The university aims to drive national and global impact in fields such as and machine learning, autonomous and networked systems, computational and data science, , and modeling and simulation.

In a statement, Irvine said there is “tremendous opportunity for to bridge the gap between and Washington, D.C., becoming a visible presence, resource and catalyst for change.”

Irvine was most recently the executive director of the Naval Surface and Undersea Warfare Centers, where he managed more than 30,000 personnel and $16 billion in research, development, testing and evaluation programs for the . Before that, he was executive director of Submarine Forces, where he advised on strategic deterrence.

He has more than 27 years of service with the U.S. Navy and joined the federal government’s Senior Executive Service in 2019. Earlier in his career, he was a hydrodynamics expert at the Naval Surface Warfare Center Carderock Division and as a researcher at Pennsylvania State University.

Kenneth Fridley, ODU’s vice president for research and economic development, said the university designated national security as one of four research focus areas earlier this year. He said hiring Irvine is the university’s “first major step forward” in that effort, saying his experience and past leadership make him “the perfect choice.”

Irvine believes ODU’s proximity to the largest naval base in the world and Hampton Roads-based shipbuilding and defense companies will be beneficial to helping him develop a national security program. He intends to promote collaboration between the university’s centers of research and development, including the Virginia Modeling, Analysis and Simulation Center, the Virginia Institute for Spaceflight & Autonomy, the Institute for Coastal Adaptation and Resilience, the Virginia Digital Center and the Institute for Autonomous and Connected Systems.

Irvine holds a doctorate in mechanical engineering from the University of Iowa and degrees in ocean engineering from Virginia Tech. He is a graduate of Harvard Kennedy School Senior Executive Fellows program and holds an MIT Sloan executive certificate in management and leadership.

His accolades include Navy Superior and Meritorious Civilian Service Awards and recognition as a fellow with the Society of Naval Architects and Marine Engineers.

Aug. housing inventory, prices rise across Virginia regions

SUMMARY:

  • Home sales, prices and inventory for August increased year-over-year in NoVa
  • inventory and prices rose, but sales dropped
  • Single-family home sales, prices and inventory rose in Central Virginia last month

Housing inventory and sold prices rose last month in , Hampton Roads and Central Virginia, although home sales declined in Hampton Roads.

Northern Virginia

August home sales, prices and inventory increased year-over-year in Northern Virginia, according to data released Thursday. The data reflect “a cooler pace of activity” and continued price growth, according to .

“The August data highlight a market that is adjusting its rhythm, while maintaining steady demand,” NVAR CEO Ryan McLaughlin said in a statement. “Buyers are no longer racing against the clock the way they were a year ago, but the increase in total sales volume and higher prices shows that demand for Northern Virginia housing remains strong.”

Last month, 1,439 homes sold in Northern Virginia, a 2% increase from August 2024. Pending sales last month totaled 1,403 units, up 9.6% compared with August 2024.

Despite the modest increase in the number of closed sales, sold dollar volume rose 5.9% year-over-year, reaching more than $1.27 billion. Rising home prices contributed to the increase: The median sold price in August was $750,201, up 1.7% from the same month last year.

Inventory increased dramatically in August. Active listings in the region totaled 2,475 properties, a 36.4% year-over-year increase. The month’s supply of inventory (MSI) — a measure of how many months there would be homes on the market if no new inventory were added — rose to 1.81, up 31.2% from August 2024.

Homes spent an average of 26 days on the market last month, a 44.4% increase from the 18-day average seen in August 2024.

“The trends suggest we may see a more measured cadence heading into the end of the year, with buyers continuing to benefit from greater choice,” McLaughlin said in a statement. “At the same time, steady price appreciation reinforces the long-term strength of Northern Virginia’s .”

NVAR reports home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church, and the towns of Vienna, Herndon and Clifton.

Hampton Roads

Hampton Roads housing sales declined last month compared with August 2024, as inventory and prices rose, according to data.

Closed sales totaled 2,243 last month, down 1.7% from the 2,282 recorded in August 2024. There were 2,212 pending sales in August, up from 2,039 in the same month last year.

The number of active residential listings in Hampton Roads reached its highest level in five years last month, according to . Active listings totaled 5,709, up almost 19% from the 4,811 recorded in August 2024. MSI was 2.77, up from 2.38 in August 2024.

Of the large cities, Suffolk had the largest increase in active listings, which rose 18.9% from 512 in August 2024 to 609 last month. ‘s active listings rose 18.6% year-over-year, from 562 to 667.

“Buyers have more homes to choose from than any month since June 2020, when there were 5,845 homes listed for sale in REIN’s database,” Barbara Wolcott with Berkshire Hathaway HomeServices RW Towne Realty, president of REIN’s board of directors, said in a statement. “Mortgage rates are at a 10-month low, which is also good for potential buyers.”

The median sale price was $370,000, up 5.6% from $350,250 a year ago. Of the communities that had at least 100 closed sales last month, Chesapeake had the highest MSP — $425,000, a 3.4% year-over-year increase.

Homes spent a median of 25 days on the market, up from 21 days in the same month last year.

Founded in 1969, REIN is a regional multiple listing service that covers an area stretching from Williamsburg east to Virginia Beach and south across the North Carolina border.

Central Virginia

In Central Virginia, single-family home sales, prices and inventory rose year-over-year in August, according to regional data from the Central Virginia Regional Multiple Listing Service (CVR MLS).

Closed sales totaled 1,209, up 2.9% from August 2024, while pending sales numbered 1,134, up 1.2% year-over-year.

There were 2,211 single-family homes listed for sale, up 2.6% from August 2024, although new listings declined 6.4%, to 1,364. The MSI stood at 2, which is unchanged from the same month last year.

The median sales price for single-family homes in the region rose 4.3%, to $417,125.

Closed sales for condos/townhouses in Central Virginia also rose. Last month, 276 condos/townhouses sold, a 12.2% increase from August 2024. There were 256 pending sales, up 4.5% from the same month last year.

Active listings totaled 686, a 35% increase year-over-year, and new listings numbered 337, up 3.1%. The MSI for condos/townhouses was 2.9, up 26.1% from the MSI of 2.3 for the same month last year.

The median sales price for condos/townhouses, though, was $365,000, down 2.3% from August 2024.

The CVR MLS data referenced for this piece covers the cities of and Petersburg and the counties of Amelia, Charles City, Chesterfield, Colonial Heights, Dinwiddie, Goochland, Hanover, Henrico, Hopewell, King & Queen, King William, New Kent, Powhatan and Prince George.

UVA Health interim leader is named permanent CEO

Summary: 

After serving as UVA Health’s interim leader for seven months, Dr. Mitchell Rosner has been named CEO of the health system as well as executive vice president for health affairs for the University of Virginia, the university announced Sept. 12.

A nephrologist and medicine professor at U.Va.’s medical school, Rosner has acted as interim leader of UVA Health since February, when Dr. Craig Kent resigned. Kent left the post after an independent investigation undertaken following a September 2024 letter of “no confidence” signed by 128 physicians, which alleged Kent and Dr. Melina Kibbe, dean of the U.Va. School of Medicine, created a “culture of fear and retaliation” that “compromised patient safety.”

“It’s an incredible honor,” Rosner said in a statement. “I’ve devoted my career to UVA and UVA Health, so this is the opportunity of a lifetime to be able to serve my colleagues, my friends and the community that I have lived in so long.”

Appointed to a three-year term, Rosner was named to the position near the end of Friday’s University of Virginia Board of Visitors meeting. UVA Health includes four hospitals across Charlottesville, Culpeper and , along with the , UVA School of Nursing, UVA Physicians Group and the Claude Moore Health Sciences Library.

Previously, more than two dozen chairs and leaders at UVA Health, including Dr. Taison Bell, interim chair of the university’s department of medicine, sent a letter to the university’s rector and interim president advocating for Rosner to be hired for the permanent leadership role.

“During his brief tenure as interim EVP for health affairs, Dr. Rosner has gained and fostered the trust and respect of our faculty and lent much needed stability to a tumultuous period for UVA Health,” the letter stated.

U.Va.’s interim president, Paul Mahoney, suggested waiving a national search for the position, and the university’s rector, Rachel Sheridan, with the support of the full board, agreed.

A faculty member at the university’s School of Medicine for 21 years, Rosner served as chair of the department of medicine before being selected for the interim role. After earning a degree from Harvard University, Rosner earned his medical degree from the Medical College of Georgia. He completed his residency and fellowship in nephrology at UVA Health University Medical Center. He has published seven books and more than 200 journal articles.

Bell called Rosner “the kind of leader you read about in leadership books.”

Rosner’s “communication style is approachable, open and honest,” Bell added in a statement.  “He listens carefully while bringing people together to make thoughtful, inclusive decisions. He deeply considers how his decisions will impact others, and he consistently seeks ways to empower others around him to lead. Beyond his vision and integrity, it is this genuine commitment to people that sets him apart.”

Earlier this week, UVA Health announced it has appointed longtime executive Teresa L. Edwards to serve as of its University Medical Center.

UVA Health has had a tumultuous year. University Medical Center CEO Wendy Horton announced in July plans to leave in September. Kibbe formally announced her resignation in August.

Hodges Partnership sold to 4 SVPs

Ownership of The Partnership will transition within the firm, the -based firm announced Wednesday.

Four senior vice presidents have entered into an ownership agreement with the firm’s founding partners, Jon Newman and Josh Dare. The agreement takes effect Jan. 1, 2026, and will “incrementally transfer ownership” of the firm to the senior vice presidents over the next several years, according to a news release. Additionally, Dare will retire Dec. 31.

The four senior vice presidents buying the firm are: Lindsay O’Bar, client services and culture; Paulyn Ocampo, client and agency operations; Sean Ryan, media relations; and Greg Surber, research and insights. They will continue to work on client accounts and maintain their management responsibilities.

“For all practical purposes, this senior team has been effectively leading Hodges over the past several years, and each of them has respected reputations in the public relations, business and civic communities of Richmond,” Newman said in a statement. “Josh and I are thrilled to be able to turn the keys over to a group of professionals in whom we have complete confidence to carry the Hodges torch.”

Newman and Dare founded Hodges in 2002. The 23-person firm’s clients include the Virginia Community College System, Kroger Mid-Atlantic, Hilldrup, Richmond Region Tourism, The Colonial Williamsburg Foundation, Mercy Chefs and Estes Express Lines.

“We’re incredibly grateful to Jon and Josh for the trust they’ve placed in our team to carry Hodges forward. … We’re thrilled by the opportunity to shape Hodges’ next chapter,” Ryan — the agency’s second hire in 2003 — said in a statement.

Though Dare is retiring, Newman is keeping his ownership stake over the next several years and will continue to serve as CEO “for the foreseeable future,” according to a news release.

Dare met Newman at The Martin Agency, where Dare was senior communications officer. Previously, he had held public affairs posts at the FBI and the National Endowment for the Arts, been a press secretary in Congress and helped to found two tech startups.

“Founding and growing Hodges with my friend Jon Newman has been the most professionally gratifying achievement of my career,” Dare said in a statement. “And while I will miss my incredible colleagues and clients, I look forward to downshifting gears with more travel, grandparenting, volunteering, creative writing and maybe even some accordion lessons, so apologies in advance.”

American Systems acquires Epsilon, adds 400 employees

Chantilly-based government IT contractor announced this week that it has acquired North Carolina-based company .

American Systems, which provides IT and engineering services to the federal government in aid of , said the transaction marks its largest to date, with more than 400 Epsilon employees joining the company.

Financial terms of the transaction were not disclosed, and neither company immediately returned requests for comment. It is unclear whether any Epsilon executives will take on leadership roles at American Systems and if there will be any layoffs due to the merger.

“Acquisitions are an important element of our growth strategy, and we work hard to ensure that we select companies that are a good fit for us, both strategically and culturally,” American Systems President and John Steckel said in a statement. “Epsilon shares our commitment to supporting national priorities, and their culture will mesh well with ours. This acquisition marks an important milestone in our strategic growth, broadening our customer base and deepening our ability to support them in their efforts to modernize and transform securely, rapidly and efficiently.”

The company says Epsilon’s service offerings will be integrated with American Systems in January 2026. Until then, Epsilon will continue to support select markets as a wholly-owned subsidiary.

Founded in 2009, Epsilon is also a . It is headquartered in Weaverville, North Carolina, but has a key office in Crystal City.

“Joining American Systems allows us to take everything that we have built over the past sixteen years and make it even better.” said Epsilon CEO Peter Penzell. “Expanding on what we have built while giving our employees the opportunity to become employee-owners in American Systems creates an amazing opportunity for everyone.”

PilieroMazza and Deep Water Point and Associates advised American Systems on the transaction, and KPMG Corporate Finance and Miles & Stockbridge advised Epsilon.

Founded in 1975, American Systems ranks among the top 100 employee-owned firms in the nation, with more than 1,600 employee owners. It surpassed $400 million in annual revenue in 2020.

SAIC names chief growth officer

Reston-based Science Applications International Corp. () announced Monday that it has promoted to , leading .

Ritchie, who began his career at SAIC as a software engineering intern, has served as the company’s Chief Technology Officer since 2022. SAIC credits his efforts in that role with advancing the company’s enterprise growth strategy, contributing to numerous key contract awards and strengthening SAIC’s leadership in secure multi-cloud solutions.

In his new role, Ritchie will work to enhance communication between SAIC’s innovation, technology and business development teams, with a goal of delivering integrated solutions in critical areas such as , space and autonomy. He will report to Tim Turitto, executive vice president of enterprise operations and chief of staff to SAIC Toni Townes-Whitley.

“Bob’s appointment reflects our forward-looking vision at SAIC, where deep technical expertise and mission-focused business development are unified to deliver unmatched outcomes for our customers,” Turitto said in a news release. “By combining these functions, we are accelerating innovation and ensuring our solutions anticipate and align with the nation’s most pressing priorities.”

Ritchie, who holds a degree in computer engineering from Virginia Tech, previously worked at Capital One, where he was director of software engineering. In 2019, he returned to SAIC to lead its software practice.

SAIC has about 24,000 employees and reported annual revenue of $7.48 billion for fiscal 2025.

OpenAI reaches new agreement with Microsoft to change its corporate structure

Summary

  • , announce new tentative agreement
  • Deal described as “next phase” of their partnership
  • OpenAI nonprofit to hold $100B stake in for-profit arm
  • Few details released on the new structure
  • Regulators and competitors watching closely

OpenAI has reached a new tentative agreement with Microsoft and said its nonprofit, which technically controls its business, will now be given a $100 billion in its for-profit corporation.

The maker of  said it had reached a new nonbinding agreement with Microsoft, its longtime partner, “for the next phase of our partnership.”

The announcements on Thursday include a few details about these new arrangements. OpenAI’s proposed changes to its have drawn the scrutiny of regulators, competitors and advocates concerned about the impacts of .

OpenAI was founded as a nonprofit in 2015 and its nonprofit board has continued to control the for-profit subsidiary that now develops and sells its AI products. It’s not clear whether the $100 billion equity stake the nonprofit will get as part of this announcement represents a controlling stake in the business.

California Attorney General Rob Bonta said last week that his office was investigating OpenAI’s proposed restructuring of its finances and governance. His office said they could not comment on the new announcements but said they are “committed to protecting charitable assets for their intended purpose.”

Bonta and Delaware Attorney General Kathy Jennings also sent the company a letter expressing concerns about the safety of ChatGPT after meeting with OpenAI’s legal team earlier last week in Delaware, where OpenAI is incorporated.

“Together, we are particularly concerned with ensuring that the stated safety mission of OpenAI as a non-profit remains front and center,” Bonta said in a statement last week.

Microsoft invested its first $1 billion in OpenAI in 2019 and the two companies later formed an agreement that made Microsoft the exclusive provider of the computing power needed to build OpenAI’s technology. In turn, Microsoft heavily used the technology behind ChatGPT to enhance its own AI products.

The two companies announced on Jan. 21 that they were altering that agreement, enabling the smaller company to build its own computing capacity, “primarily for research and training of models.” That coincided with OpenAI’s announcements of a partnership with to build a massive new data center in Abilene, Texas.

But other parts of its agreements with Microsoft remained up in the air as the two companies appeared to veer further apart. Their Thursday joint statement said they were still “actively working to finalize contractual terms in a definitive agreement.” Both companies declined further comment.

OpenAI had given its nonprofit board of directors — whose members now include a former U.S. Treasury secretary — the responsibility of deciding when its AI systems have reached the point at which they “outperform humans at most economically valuable work,” a concept known as artificial general intelligence, or AGI.

Such an achievement, per its earlier agreements, would cut off Microsoft from the rights to commercialize such a system, since the terms “only apply to pre-AGI technology.”

OpenAI’s corporate structure and nonprofit mission are also the subject of a lawsuit brought by Elon Musk, who helped found the nonprofit research lab and provided initial funding. Musk’s suit seeks to stop OpenAI from taking control of the company away from its nonprofit and alleges it has betrayed its promise to develop AI for the benefit of humanity.

Boeing workers reject their latest contract offer, extending strike at three Midwest plants

Summary

  • 3,200 workers remain on since Aug. 4
  • Second contract proposal rejected Friday
  • Offer included 20% wage hike, $5,000 bonuses
  • Strike affects fighter jet, weapons system production
  • Boeing says it has contingency plans, no new talks

Another contract proposal has been rejected by Boeing workers who now have been on strike for nearly six weeks from three where aircraft and weapons are developed.

The vote on Friday refusing the latest proposal sends the workers back to the picket lines, according to the union representing the 3,200 striking workers who build , weapons systems and the U.S. ‘s first carrier-based unmanned aircraft. Fifty-seven percent of members voted against the proposal, the union said.

“Boeing’s modified offer did not include a sufficient signing bonus relative to what other Boeing workers have received, or a raise in 401(k) benefits,” the International Association of Machinists and Aerospace Workers District 837 said in a statement.

“We’re disappointed our employees have rejected a 5-year offer, including 45% average wage growth,” said Dan Gillian, Boeing Air Dominance vice president and general manager, in an emailed statement. “We’ve made clear the overall economic framework of our offer will not change, but we have consistently adjusted the offer based on employee and union feedback to better address their concerns.”

Boeing said no further talks are scheduled.

“We will continue to execute our contingency plan, including hiring permanent replacement workers, as we maintain support for our customers,” Gillian said.

The strike, which began Aug. 4, is far smaller in scale than a walkout last year by 33,000 Boeing workers who assemble commercial jetliners. Still, the work stoppage has threatened to complicate the aerospace company’s progress in regaining its financial footing.

Boeing’s Defense, Space & Security business accounts for more than one-third of the company’s revenue.

Negotiations had escalated in the days leading up to last month’s walkout, with the workers rejecting an earlier proposed agreement that included a 20% wage hike over the life of the contract and $5,000 ratification bonuses.

Boeing quickly countered with a modified agreement that didn’t boost the proposed pay raise but did remove a scheduling provision affecting the workers’ ability to earn overtime pay. They rejected that offer, too, and went on strike the next morning.

The 2024 strike shut down Boeing’s factories in Washington state for more than seven weeks at a bleak time for the company. Boeing was under several federal investigations last year after a door plug blew off a 737 Max plane during an Alaska Airlines flight, an incident that renewed safety concerns surrounding that particular plane.

Two 737 Max jetliners crashed off the coast of Indonesia and in Ethiopia less than five months apart in 2018 and 2019, killing 346 people.

Boeing Co., based in Arlington, Virginia, employs more than 170,000 workers in the U.S. and more than 65 other countries.

Navy Region Mid-Atlantic welcomes new commander

The , based in , has a new commander.

On Friday, after little more than a year on the job and 36 years in the service, Rear Adm. Carl Lahti was relieved by as commander during a ceremony at Vista Point onboard . Barnett was most recently commander of Region Hawaii and left its command in August.

As commander, Barnett will be the regional coordinator for all shore-based naval personnel and shore activities in the Mid-Atlantic region, which encompasses 20 states, 13 installations and numerous Navy reserve centers from Maine to Virginia and as far west as Illinois.

A native of Columbia, Tennessee, Barnett previously served as the commander for Navy Region Northwest and commander of Navy Region Southwest. Other assignments included commanding officer of Naval Base Coronado in California, chief of staff for commander at Navy Region Southeast and commander at Navy Installations Command.

Vice Adm. Scott Gray was the presiding officer for the event. Gray himself led the Navy Mid-Atlantic region earlier this decade, leaving in 2023 to lead the Navy Installations Command in Washington, D.C.

Lahti assumed command in July 2024, after succeeding Rear Adm. Wesley McCall, who took over after Gray. The Navy says that during his tour, Lahti provided a full spectrum of shore installation management as well as services to operating forces and Navy families within the region’s area of responsibility. The Navy credits him with “fostering a workforce that energetically resolved the Navy’s most complex challenges to sustain the fleet, enable the fighter and support the family.”

Immediately after the change of command, Lahti retired from the Navy after serving more than 36 years of commissioned service.

Wall Street coasts toward the finish of its best week in the last 5

Summary

  • hovers near record as best week in five winds down
  • Investors expect Fed to cut rates next week to aid economy
  • Trump pressures Fed, seeks to oust Governor
  • slides, Microsoft climbs after EU antitrust deal
  • Bond yields edge higher; Asian markets rally

NEW YORK (AP) — is coasting toward the finish of its best week in the last five on Friday as U.S. stocks hang near their record levels.

The S&P 500 was mostly unchanged from the all-time high it set the day before. The Dow Jones Industrial Average was down 204 points, or 0.4%, as of 1:01 p.m. Eastern time, and the Nasdaq composite was 0.5% higher. Both likewise set records the day before.

Stocks have rallied with expectations that the  will cut its main interest rate for the first time this year at its meeting next week. Such a move would give the economy a kickstart, and mortgage rates have already dropped in anticipation of it.

Expectations for a cut have built as recent reports suggested the U.S. job market could hit the precise balance that Wall Street has been betting on: slowing enough to convince the Fed that it needs help, but not so weak that it will mean a recession, all while  doesn’t take off.

A lot is riding on whether that bet proves correct. Stocks have already soared on it. And if the Fed ends up cutting fewer times than traders expect, including three this year, the market could retreat in disappointment. That’s even if everything else goes right and the economy does not fall into a recession and President Donald Trump’s don’t send inflation much higher.

Investors, “and I think the Fed, are convinced that we are not on the verge of a surge in inflation,” according to Scott Wren, senior global market strategist at Wells Fargo Investment Institute.

A survey from the University of Michigan on Friday suggested expectations for inflation may not be worsening among U.S. consumers. Preliminary data suggested they’re bracing for inflation of 4.8% in the upcoming year, the same as they were a month earlier.

Expectations for inflation over the longer term crept higher, though they’re still below where they were in April, when Trump announced his worldwide tariffs.

In the meantime, Wall Street continues to drift around its record heights.

RH fell 4.3% after the furniture retailer reported profit and revenue for the latest quarter that came up short of analysts’ expectations. It also trimmed its forecasted range for revenue this fiscal year amid what CEO Gary Friedman called “the polarizing impact of tariff uncertainty and the worst market in almost 50 years.”

Oracle sank 4.8% and was one of the day’s heaviest weights on the S&P 500 index. But that shaved only a bit off its surge from earlier in the week, when it soared to its best day on 1992 amid excitement about multi-billion dollar contracts signed related to artificial-intelligence technology.

Another company that’s benefited from the AI frenzy, Super Micro Computer, rose 3.4% after saying it’s begun high-volume shipments of racks using Blackwell Ultra equipment from Nvidia that can be used for AI.

Microsoft climbed 2.2% after European Union regulators accepted the tech giant’s proposed changes to its Teams platform, resolving a long-running antitrust investigation.

The European Commission said Friday that Microsoft’s final commitments to unbundle Teams from its Office software suite, including further tweaks following a market test in May and June, are enough to satisfy competition concerns.

In stock markets abroad, indexes edged lower in Europe after rising in much of Asia.

Japan’s Nikkei 225 climbed 0.9% to another record, while Hong Kong’s Hang Seng rallied 1.2% for two of the bigger moves.

In the bond market, the yield on the 10-year Treasury climbed to recover some of its drop from earlier in the week. It rose to 4.07% from 4.01% late Thursday.

Yields have been mostly sinking as expectations built on Wall Street that the Fed will resume cutting rates soon.

The Fed has been on hold through 2025, mostly because of the risk that Trump’s tariffs could send prices for all kinds of U.S. household purchases much higher. Lower can make inflation even worse.

That inaction, though, has infuriated Trump. He has threatened to fire Fed Chair Jerome Powell, whom he has nicknamed “Too Late,” and has escalated his attempt to fire Federal Reserve Governor Lisa Cook, accusing her of mortgage fraud.

On Thursday, the asked an appeals court to remove Cook from the Federal Reserve’s board of governors by Monday, before the central bank announces its next decision on interest rates Wednesday. Trump initially sought to fire Cook Aug. 25, but a federal judge ruled late Tuesday that the removal was illegal and reinstated her to the Fed’s board.