Sep 04 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. Continue reading
Aug 29 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. Continue reading
Aug 28 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. Continue reading
Aug 26 Watch 12:27 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… Continue watching
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