Aug 26 WATCH: Trump reacts to Fed’s Lisa Cook vowing legal action against firing By Associated Press President Donald Trump said “we have some very good people” in mind to replace Cook if she’s removed. Continue reading
Aug 26 Wall Street steadies, global markets sink after Trump says he’s firing Federal Reserve governor By Yuri Kageyama, Matt Ott, Associated Press Most markets overseas declined significantly after Trump's announcement that he was firing a Federal Reserve governor. Continue reading
Aug 26 Trump says he’s firing Federal Reserve Governor Lisa Cook. She says she won’t resign By Christopher Rugaber, Will Weissert, Associated Press Cook said Monday night that Trump has no authority to fire her and she would not step down. Continue reading
Aug 22 WATCH: Powell signals Fed may cut rates soon even as inflation risks remain By Christopher Rugaber, Associated Press 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. Continue reading
Aug 20 Trump calls on Federal Reserve official to resign after ally accuses her of mortgage fraud By Christopher Rugaber, Associated Press 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. Continue reading
Aug 12 U.S. inflation remained flat in July, though core prices accelerated By Christopher Rugaber, Associated Press Excluding the volatile food and energy categories, core prices rose 3.1%, up from 2.9% in June. Continue reading
Aug 05 What we know about Trump’s Fed chair candidates so far By Fatima Hussein, Associated Press President Donald Trump said Tuesday that he's whittled down his list of potential Federal Reserve chair candidates to four as he considers a successor to Jerome Powell — a choice that could reset the path of the U.S. economy. Continue reading
Aug 01 Trump demands that Federal Reserve board wrest full control of central bank from Fed Chair Powell By Josh Boak, Associated Press Federal Reserve Chair Jerome Powell has held the Fed's benchmark rate for overnight loans constant this year, saying that Fed officials needed to see what impact President Donald Trump's massive tariffs had on inflation. Continue reading
Jul 25 U.S. stocks coast toward the finish of a record-setting week By Stan Choe, Associated Press Wall Street has zoomed higher on hopes that President Donald Trump will reach trade deals with other countries that will lower his stiff proposed tariffs, along with the risk that they could cause a recession and drive up inflation. Continue reading
Jul 24 Watch 8:35 Trump ramps up pressure on Powell to cut interest rates during visit to Federal Reserve By Geoff Bennett, Jackson Hudgins, Solveig Rennan President Trump continued to dial up the pressure on Jerome Powell during a visit to the Fed. The president's public remarks and personal insults about Powell are a major departure from past presidents, and his approach has sparked questions about… Continue watching