Politics Sep 11 Trump administration requests emergency ruling to remove Lisa Cook from Fed board The request represents an extraordinary effort by the White House to shape the board before the Fed's interest rate-setting committee meets next Tuesday and Wednesday.
Economy Sep 11 U.S. inflation worsened last month, putting Fed in difficult spot as job market slows The price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures.
Politics Sep 10 WATCH: Senate committee approves Stephen Miran’s nomination for Federal Reserve governor The White House has pushed for an expedited Senate approval of Miran, who was nominated by President Donald Trump to replace former Fed governor Adriana Kugler.
Politics Sep 10 Cook can remain a Fed governor while fighting Trump’s attempted firing, court rules The ruling, which will almost certainly be appealed, is a blow to the Trump administration’s efforts to assert more control over the traditionally independent Fed.
Economy Aug 29 Key U.S. inflation gauge holds mostly steady though core inflation ticks higher Prices rose 2.6% in July compared with a year ago, the Commerce Department said Friday, the same annual increase as in June.
Politics Aug 29 Fed governor Cook to seek court order blocking her firing by Trump Federal Reserve Governor Lisa Cook has requested an emergency injunction to block President Donald Trump's attempt to fire her over allegations that she committed mortgage fraud when she purchased a home and condo in 2021.
Politics Aug 28 Fed Gov. Lisa Cook sues Trump administration to block her attempted firing No president has sought to fire a Fed governor in the institution's 112-year history until Trump posted a letter on his Truth Social media platform late Monday saying that Cook was fired.
Politics Aug 26 Trump says he’s firing Federal Reserve Governor Lisa Cook. She says she won’t resign Cook said Monday night that Trump has no authority to fire her and she would not step down.
Politics Aug 22 WATCH: Powell signals Fed may cut rates soon even as inflation risks remain In a high-profile speech closely watched at the White House and on Wall Street, Powell said that there are risks of both rising unemployment and stubbornly higher inflation.
Politics Aug 20 Trump calls on Federal Reserve official to resign after ally accuses her of mortgage fraud Bill Pulte, director of the agency that oversees mortgage giants Fannie Mae and Freddie Mac, urged the Justice Department to investigate Cook, who was appointed to the Fed's governing board by former president Joe Biden in 2022.