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Bloomberg reports Scott Bessent agreed to occupy two different houses at same time as his ‘principal residence’Scott Bessent, the US treasury secretary, previously agreed to occupy two different houses at the same time as his “principal residence”, Blo…
Rates now stand at a range of 4% to 4.25% as reduction comes amid concern of political pressure on independent central bank from TrumpFederal Reserve cuts US interest rates for first time since DecemberUS treasury secretary reportedly made similar mort…
Senate votes 48-27 to confirm Stephen Miran as Fed governor but court rules Cook may remain in placeSenate Republicans voted on Monday to confirm a senior Trump official to the Federal Reserve’s board of governors as the White House raced to strengthen…
Document appears to undermine claim from Donald Trump allies that Cook committed mortgage fraudA loan estimate for an Atlanta home purchased by Lisa Cook, the Federal Reserve governor accused of mortgage fraud by the Trump administration, shows that Co…
New CPI update shows prices increased 2.9% over the last year, but Wall Street optimistic Fed will cut interest ratesInflation rose slightly in August as companies continued to push the cost of tariffs onto consumers.The newest update to the consumer p…
Agency governor is legally challenging Trump after he sought to remove her, citing unconfirmed mortgage fraud allegationsA federal judge has ruled that Federal Reserve board member Lisa Cook can stay in her post while suing Donald Trump over his unprec…
Officials to investigate claims of mortgage fraud against Cook, who has refused to accept firing by Donald TrumpThe US justice department has initiated a criminal investigation into mortgage fraud claims against Federal Reserve governor Lisa Cook as a …
Ray Dalio says business leaders scared to criticise Donald Trump as he warns of debt-induced crisis for the economyBusiness live – latest updatesOne of the world’s most prominent hedge fund billionaires has warned that rising inequality is turning the …
Undermining independence of central bank will affect the US and other countries, says Christine LagardeBusiness live – latest updatesDonald Trump’s attempt to influence the US Federal Reserve could pose a “very serious danger” for the world economy, th…
At hearing for Federal Reserve governor’s suit over firing, attorney says president engages in ‘litigation by tweet’Donald Trump has been accused of wielding unconfirmed allegations of mortgage fraud as his “weapon of choice” to attack the Federal Rese…