More results...
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 …
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…