The Supreme Court has temporarily blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, a move that critics say would have compromised the central bank's independence
The Senate voted Monday to confirm Stephen Miran to the Federal Reserve Board.Miran, who has served in both Trump administrations, has said he will not resign from the White House but take a leave of absence, further stoking concerns about its independence.
Fed Gov. Lisa Cook referred to a condo she bought in 2021 as a "vacation home" in a loan estimate, which could undermine claims by the Trump administration that she committed mortgage fraud.
The White House insists President Donald Trump “lawfully removed” Federal Reserve Gov. Lisa Cook despite a Tuesday court ruling she can remain in her position while she fights efforts to fire her.
The 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.
Lisa Cook is challenging the president's attempt to remove her from office based on what she says is "an unsubstantiated allegation" of mortgage fraud prior to her Senate confirmation as governor.
Trump has threatened to fire Fed Chair Jerome Powell, challenging the Fed's independence. Experts say he's not the first president to target the central bank, but he's the most public and aggressive.
President Trump visited the Federal Reserve to inspect an ongoing renovation and disagreed with the Fed chair about the project's final cost in an extraordinary moment.
President Trump seemed willing to allow Jerome Powell to complete his term as chair of the Federal Reserve — at least for now. His comment comes as he and his administration continue to attack Powell.
Former president of the Federal Reserve Bank of Cleveland Loretta Mester says it's important that the Fed stays independent and that fiscal politics should not interfere with monetary policy makers and their decisions.
Cathy Harris and Gwynne Wilcox, Democratic board members of independent agencies, argue that President Trump lacked the authority to fire them, citing federal law and Supreme Court precedent.
The Federal Reserve cut interest rates by a quarter percentage point. How much further rates fall could depend on how President-elect Trump approaches his second term.
There was both good news — and bad news — in the latest jobs report, providing an unclear picture as the Federal Reserve weighs how much to cut interest rates.
Federal Reserve chairman Jerome Powell signaled that he's increasingly confident inflation will soon be tamed, and that he and his colleagues will soon cut interest rates to avoid hurting the job market.
