BREAKING NEWS
Fed convenes meeting with a governor newly appointed by Trump and another he wants to oust
Read full article: Fed convenes meeting with a governor newly appointed by Trump and another he wants to oustAfter a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.
Appeals court rejects Trump's bid to unseat Federal Reserve governor Lisa Cook ahead of rate vote
Read full article: Appeals court rejects Trump's bid to unseat Federal Reserve governor Lisa Cook ahead of rate voteAn appeals court has ruled that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts to remove her just ahead of a key vote on interest rates.
Trump administration renews push to fire Fed governor Lisa Cook ahead of key vote
Read full article: Trump administration renews push to fire Fed governor Lisa Cook ahead of key votePresident Donald Trump's administration has renewed its request to fire Lisa Cook from the Federal Reserve’s board of governors.
Fed Governor Lisa Cook claimed 2nd residence as 'vacation home,' undercutting Trump fraud claims
Read full article: Fed Governor Lisa Cook claimed 2nd residence as 'vacation home,' undercutting Trump fraud claimsFederal Reserve Governor Lisa Cook referred to a condominium she purchased in June 2021 as a “vacation home” in a loan estimate.
Trump administration requests emergency ruling to remove Cook from Fed board
Read full article: Trump administration requests emergency ruling to remove Cook from Fed boardThe Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates.
Rising inflation and a deteriorating job market puts the Fed and Americans in a difficult spot
Read full article: Rising inflation and a deteriorating job market puts the Fed and Americans in a difficult spotInflation rose last month as the price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures.
Trump takes one step back and another forward in his attempt to reshape the Fed
Read full article: Trump takes one step back and another forward in his attempt to reshape the FedPresident Donald Trump’s goal of appointing a majority of the Federal Reserve’s board of governors faced a setback Tuesday when a court blocked his unprecedented attempt to fire Lisa Cook.
Trump administration appeals ruling blocking him from firing Federal Reserve Gov. Cook
Read full article: Trump administration appeals ruling blocking him from firing Federal Reserve Gov. CookPresident Donald Trump's administration is appealing a ruling blocking him from immediately firing Federal Reserve Gov. Lisa Cook as he seeks more control over the traditionally independent board.
Trump's Federal Reserve board nominee is approved by Senate committee
Read full article: Trump's Federal Reserve board nominee is approved by Senate committeeA Senate committee is approving the nomination of White House economic adviser Stephen Miran to the Fed’s board of governors, setting up a likely approval by the full Senate, which would make Miran the third Trump appointee to the seven-member board.
Court rules Lisa Cook can remain a Fed governor while fighting Trump’s attempt to fire her
Read full article: Court rules Lisa Cook can remain a Fed governor while fighting Trump’s attempt to fire herThe White House insists President Donald Trump “lawfully removed” Federal Reserve Gov. Lisa Cook despite a court ruling she can remain in her position while she fights efforts to fire her.
Trump administration asks Supreme Court to let him fire member of Federal Trade Commission
Read full article: Trump administration asks Supreme Court to let him fire member of Federal Trade CommissionThe Trump administration is asking the Supreme Court Thursday to let the president fire a member of the Federal Trade Commission, the latest in a string of emergency petitions over the president’s removal power.
Justice Department probes mortgage fraud claims against Lisa Cook of Federal Reserve, AP source says
Read full article: Justice Department probes mortgage fraud claims against Lisa Cook of Federal Reserve, AP source saysThe Justice Department has issued subpoenas as part of an investigation into mortgage fraud allegations against Lisa Cook, who is fighting a Trump administration effort to remove her from her role as a Federal Reserve governor.
Trump's Fed nominee says he'd keep his White House job even if confirmed by the Senate
Read full article: Trump's Fed nominee says he'd keep his White House job even if confirmed by the SenateStephen Miran, President Donald Trump’s pick to join the Federal Reserve Board, says he'd remain a White House employee even if the Senate confirms him to fill an unexpired term at the central bank.
Trump extends his reach into Congress in ways large and small
Read full article: Trump extends his reach into Congress in ways large and smallAs Congress returns for a busy fall stretch, President Donald Trump is reaching into the affairs of the legislative branch, chiseling away at the separation of powers.
Key US inflation gauge holds mostly steady though core inflation ticks higher
Read full article: Key US inflation gauge holds mostly steady though core inflation ticks higherThe Federal Reserve’s preferred inflation gauge mostly held steady last month despite President Donald Trump’s broad-based tariffs, but a measure of underlying inflation increased.
The Latest: Trump blocks $4.9 billion in foreign aid approved by Congress
Read full article: The Latest: Trump blocks $4.9 billion in foreign aid approved by CongressIn a letter sent to Republican House Speaker Mike Johnson, President Donald Trump said he wouldn't be spending $4.9 billion in congressionally approved foreign aid — effectively cutting the budget without going through the legislative branch.
Fed governor Cook seeks court order blocking her firing by Trump
Read full article: Fed governor Cook seeks court order blocking her firing by TrumpA case that could provide the Trump administration with new and expansive power over the traditionally independent Federal Reserve got its first court hearing Friday.
Fed official sues Trump over attempt to fire her, challenging his power over the independent agency
Read full article: Fed official sues Trump over attempt to fire her, challenging his power over the independent agencyFederal Reserve Governor Lisa Cook is suing the Trump administration in an effort to overturn the president’s attempt to fire her, launching an unprecedented legal battle that could significantly reshape the Fed’s longstanding political independence.
Trump's push to oust Fed's Lisa Cook unites anti-DEI effort, bid to control independent institutions
Read full article: Trump's push to oust Fed's Lisa Cook unites anti-DEI effort, bid to control independent institutionsDonald Trump’s vow to fire Federal Reserve Board Governor Lisa Cook is at the intersection of the Republican president’s efforts to consolidate power and purge diverse voices from the higher ranks of American leadership.
Trump foes like Fed Governor Lisa Cook find themselves targeted by top housing regulator
Read full article: Trump foes like Fed Governor Lisa Cook find themselves targeted by top housing regulatorBill Pulte, the country's top housing regulator, has been using his position to target President Trump's political enemies.
Embattled Fed Governor Lisa Cook's lawyer says she'll sue Trump to keep her job
Read full article: Embattled Fed Governor Lisa Cook's lawyer says she'll sue Trump to keep her jobFederal Reserve Gov. Lisa Cook's lawyer says she'll sue President Donald Trump's administration to try to prevent him from firing her.
What to know about Lisa Cook, the Fed Governor who Trump says he's firing
Read full article: What to know about Lisa Cook, the Fed Governor who Trump says he's firingLisa Cook made headlines three years ago when she became the first Black woman to serve on the Federal Reserve’s Board of Governors, one of the most powerful financial institutions in the world.
Trump says he's firing Fed Governor Lisa Cook, opening new front in fight for central bank control
Read full article: Trump says he's firing Fed Governor Lisa Cook, opening new front in fight for central bank controlPresident Donald Trump says he's firing Federal Reserve Governor Lisa Cook, a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics.
The Latest: Trump fires Federal Reserve board member Lisa Cook amid mortgage fraud allegations
Read full article: The Latest: Trump fires Federal Reserve board member Lisa Cook amid mortgage fraud allegationsPresident Donald Trump says he’s firing Federal Reserve board Member Lisa Cook amid mortgage fraud allegations.
Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts
Read full article: Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cutsNow that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House’s demands.
Powell signals Fed may cut rates soon even as inflation risks remain
Read full article: Powell signals Fed may cut rates soon even as inflation risks remainFederal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy.
Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House
Read full article: Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White HouseBoth Wall Street and the White House will be paying close attention to Fed Chair Jerome Powell’s high-profile speech Friday at the Fed’s annual economic symposium in Jackson Hole, Wyoming.
Federal Reserve official says she won't be 'bullied' by Trump into resigning
Read full article: Federal Reserve official says she won't be 'bullied' by Trump into resigningFederal Reserve governor Lisa Cook late Wednesday said she wouldn’t leave her post after Trump on social media called on her to resign over an accusation from one his officials that she committed mortgage fraud.
The Latest: Texas House approves new congressional maps that favor GOP in 2026 midterms
Read full article: The Latest: Texas House approves new congressional maps that favor GOP in 2026 midtermsThe Republican-controlled Texas House of Representatives has passed a redrawn congressional map that creates up to five new winnable GOP seats in Congress.
Trump's attacks on Powell threaten the Fed's independence. Here's why it matters
Read full article: Trump's attacks on Powell threaten the Fed's independence. Here's why it mattersPresident Donald Trump has opened up a new front in his attack on the Federal Reserve and its chair, Jerome Powell: He says the alledged mismanagement of a building renovation project could be grounds for firing Powell.
3 officials sworn in at Federal Reserve, as governing board reaches full strength
Read full article: 3 officials sworn in at Federal Reserve, as governing board reaches full strengthFederal Reserve Chair Jerome Powell swore in three members of the central bank’s governing board Wednesday, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank’s first Latina governor.
Biden's 3 Federal Reserve nominees appear likely to win Senate approval
Read full article: Biden's 3 Federal Reserve nominees appear likely to win Senate approvalPresident Joe Biden’s three nominees for the Federal Reserve’s Board of Governors pledged to fight inflation during a confirmation hearing that drew only modest pushback from Republican members of the Senate Banking Committee.
Biden taps Philip Jefferson to be Fed's vice chair, Adriana Kugler as first Hispanic on Fed board
Read full article: Biden taps Philip Jefferson to be Fed's vice chair, Adriana Kugler as first Hispanic on Fed boardPresident Joe Biden has nominated Philip Jefferson, a member of the Federal Reserve’s Board of Governors, to serve as vice chair of the board.
Senate panel backs Michael Barr, Biden pick as Fed regulator
Read full article: Senate panel backs Michael Barr, Biden pick as Fed regulatorThe nomination of Michael Barr, President Joe Biden’s choice to be the top regulator on the Federal Reserve’s Board of Governors, was approved by a congressional committee and sent on the full Senate.
Brainard wins Senate confirmation to be Fed's vice chair
Read full article: Brainard wins Senate confirmation to be Fed's vice chairThe Senate confirmed the nomination of Lael Brainard to a four-year term as vice chair of the Federal Reserve, elevating her to the Fed’s No. 2 post in the midst of the central bank’s toughest fight against inflation in four decades.
Fed nominee Bloom Raskin pledges not to 'direct loans'
Read full article: Fed nominee Bloom Raskin pledges not to 'direct loans'Pushing back against critics, a key nominee to the Federal Reserve’s Board of Governors says in testimony before a Senate panel that she would not make it harder for any industry to obtain bank loans.
Biden nominates 3 for Fed board, including first Black woman
Read full article: Biden nominates 3 for Fed board, including first Black womanPresident Joe Biden nominated three people for the Federal Reserve’s Board of Governors, including Sarah Bloom Raskin, a former Fed and Treasury official, for the top regulatory slot and Lisa Cook, who would be the first Black woman to serve on the board.
Biden chooses 3 for Fed board, including first Black woman
Read full article: Biden chooses 3 for Fed board, including first Black womanPresident Joe Biden will nominate three people for the Federal Reserve’s Board of Governors, including Sarah Bloom Raskin, a former Fed and Treasury official, for the top regulatory slot and Lisa Cook, who would be the first Black woman to serve on the Fed’s board.
Latest exit from Fed's board gives Biden three slots to fill
Read full article: Latest exit from Fed's board gives Biden three slots to fillRandal Quarles announced Monday that he will resign from the Federal Reserve’s Board of Governors at the end of the year after completing a four-year term as the central bank’s top bank regulator, opening up another vacancy on the Fed’s influential board for President Joe Biden to fill.