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Bureau of Labor Statistics canceled release of October’s consumer price index, citing the government shutdownThe US federal government will not publish official data on inflation for October, depriving policymakers at the Federal Reserve of key informa…
Lisa Cook’s lawyer details defense against accusations she misrepresented residences to get better mortgage rateLawyers for Lisa Cook, the Federal Reserve governor, called Trump administration allegations of mortgage fraud against her “baseless” on Mon…
Central bank sets rates at range between 3.75% and 4% amid turbulence from government shutdown and Trump’s tariffsThe US Federal Reserve cut interest rates on Wednesday, the second rate cut this year amid economic turbulence from the federal government…
Possibility of ‘sharp market correction has increased’, says Bank’s financial policy committee Business live – latest updatesThe Bank of England has warned there is a growing risk of a “sudden correction” in global markets as it raised concerns about s…
History suggests that bullying the Fed for political gain can have serious consequences for the rest of usOne of the more critical lessons economists gleaned from the Nixon administration is about the exorbitant cost of allowing politicians to mess wit…
Supreme court defers action on request to remove Lisa Cook from post, at least until it hears oral arguments on caseUS government shutdown – live updatesLisa Cook, the US Federal Reserve governor, will keep her job for now, despite Donald Trump’s extra…
Cook’s lawyers say president’s unprecedented move would destroy Fed’s independence and disrupt financial marketsFederal Reserve governor Lisa Cook urged the US supreme court on Thursday to reject Donald Trump’s attempt to fire her, telling the justices…
Amid battle over independence, Fed chair pushes back against claim that central bank lets politics drive decisionsThe US Federal Reserve chair, Jerome Powell, pushed back hard against claims the central bank allows politics to drive decisions, in the m…
Stephen Miran says rates should be below 3% by end of year and dismisses fears of US president’s tariffs stoking inflationStephen Miran, Donald Trump’s new appointee on the Federal Reserve’s interest-rate-setting board, has doubled down on his calls fo…
Donald Trump wants drastic rate cuts – and his campaign to exert greater political control over the Fed continues apaceThe time has come to ban the “revolving door” between the White House and the Federal Reserve, two academics argued last year. Doing …