Tag: Federal Reserve
Jerome Powell on signs of an AI bubble and an economy leaning too hard on the rich: ‘Unusually large amounts of economic activity’ | Fortune
For months, Wall Street commentators have fretted that the artificial intelligence boom looks like a bubble, with capital spending – which some analysts estimate...
Amid weak hiring and White House attacks, the Fed lowers rates—its first move in 2025 and a test of Powell’s independence | Fortune
The Federal Reserve lowered interest rates by a quarter of a percentage point on Wednesday, delivering the long-awaited cut which Powell hinted at last...
Appeals court rejects Trump’s bid to oust Lisa Cook from the Fed ahead of crucial interest rate decision | Fortune
An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts to remove her just ahead of a...
‘The era of Fed independence would be over,’ Cook’s lawyers warn while asking court to reject Trump’s ouster bid | Fortune
Federal Reserve Governor Lisa Cook is asking a U.S. appeals court to reject the Trump administration’s latest bid to remove her from her post ahead...
PCE data paints a solid picture, but hidden cracks show tariffs quietly squeezing U.S. consumers—and weak job growth could put them over the edge
On paper, the July personal income and outlays report on Friday looked solid. Personal income rose 0.4% on a monthly basis, spending increased 0.5%,...
The first battle in the war on Fed independence takes shape today in Lisa Cook’s emergency hearing
The current battle over the Fed’s independence from the White House has boiled down to Cook v. Trump. Literally.
Fed governor (or former Fed...
Trump’s secret weapon: Housing chief Bill Pulte morphs into attack dog, wielding America’s property records like a club
When Bill Pulte was nominated as the country’s top housing regulator, he told senators that his “number one mission will be to strengthen and...
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...
