Federal reserve

WATCH: Powell announces first interest rate cut of the year

By Christopher Rugaber, Associated Press

The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market.

Fed faces economic uncertainty and political pressure ahead of interest rate decision

By Chris Rugaber, Associated Press

Investors expect the Fed to reduce its benchmark interest rate by a quarter point, to about 4.1%. But it's not even clear which Fed officials will be making the decision.

Wall Street finishes its best week in over a month

By Stan Choe, Associated Press

Stocks have rallied with expectations that the Federal Reserve 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…

Trump administration requests emergency ruling to remove Lisa Cook from Fed board

By Christopher Rugaber, Associated Press

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.

U.S. inflation worsened last month, putting Fed in difficult spot as job market slows

By Christopher Rugaber, Associated Press

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.

WATCH: Senate committee approves Stephen Miran’s nomination for Federal Reserve governor

By Christopher Rugaber, Associated Press

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.

Cook can remain a Fed governor while fighting Trump’s attempted firing, court rules

By Christopher Rugaber, Lindsay Whitehurst, Associated Press

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.

DOJ probing mortgage fraud claims against Fed governor Lisa Cook, AP source says

By Eric Tucker, Paul Wiseman, Associated Press

News of the investigation comes amid a high-stakes legal fight over President Donald Trump’s removal last month of Cook, an action she says is being undertaken so that he can seize control of the independent central bank.

WATCH: Trump’s Federal Reserve board pick says he plans to keep White House job

By Josh Boak, Associated Press

Miran, who was nominated to fill a gubernatorial term set to expire in January, made the disclosure at a hearing before the Senate Banking, Housing and Urban Affairs Committee.

Fed governor Cook to seek court order blocking her firing by Trump

By Christopher Rugaber, Associated Press

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.