Federal reserve

Fed Gov. Lisa Cook sues Trump administration to block her attempted firing

By Christopher Rugaber, Associated Press

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.

How Trump’s attempts to control Federal Reserve board threaten its long-held independence

By Amna Nawaz, Winston Wilde, Jackson Hudgins

President Trump made it clear he is seeking more control of the Federal Reserve. He said he fired Fed Governor Lisa Cook from the bank's board, but she says she's not leaving and will take the administration to court. At…

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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.

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.

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.

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.

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.

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.

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.

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.