Tag: Federal Reserve
Embattled Fed Gov. Lisa Cook vows legal fight against 47th president’s bid to oust her
By Christopher RugaberAP Economics Writer
WASHINGTON (AP) — Federal Reserve Gov. Lisa Cook will sue President Donald Trump’s administration to try to prevent him from...
Lisa Cook’s lawyer says Trump’s termination letter was an ‘illegal action,’ vows to sue
Federal Reserve Gov. Lisa Cook will sue President Donald Trump’s administration to try to prevent him from firing her, her lawyer said Tuesday.
“President Trump has no authority...
The markets’ reaction to Trump hides a darker truth that puts the American economy at risk, Piper Sandler warns
“American exceptionalism” has meant different things at different points in time. At heart, the belief that there’s something distinct and unique about America goes...
Trump’s threat to fire another Fed member has Wall Street weighing the price of ‘wrecking institutions’ with ‘scapegoat economics’
Markets are shuddering this morning after President Trump announced his plan to fire another member of the Federal Open Market Committee (FOMC). While some...
Trump declares war on the Fed, setting up a titanic struggle for world’s most important central bank
President Donald Trump escalated his ongoing fight against the Federal Reserve with an unprecedented move to fire Fed Governor Lisa Cook, putting the central...
The Federal Reserve could start resembling the Supreme Court
As President Donald Trump ramps up pressure on the Federal Reserve, the typically staid, consensus-driven institution could take on some qualities of the more...
The Fed is starting to worry about the housing market now
Wall Street has been laser focused on the Federal Reserve’s monetary policy this past week, but minutes from the central bank’s last meeting revealed...
Powell ‘holds the key’ to the next Fed rate move as divided policymakers will likely fail to reach a consensus again, JPMorgan says
A consensus view on Wall Street for a rate cut next month doesn’t mean there will be a consensus on the Federal Reserve as...
Why does an independent Fed matter? Just look at Ronald Reagan’s economy with Paul Volcker hiking rates to nearly 20%
President Donald Trump this week called on a Federal Reserve governor to resign over an accusation of mortgage fraud, the latest effort by his...
Powell’s ‘unusual’ Jackson Hole remarks reveal he’s boxed in by Trump’s tariffs and deportations, risking a 1970s-style mistake, economist Slok says
Powell noted that while labor markets remain in balance, it is a “curious kind of balance that results from a marked slowing in both...