Tag - federal-reserve

 
 

FEDERAL RESERVE

The U.S. Supreme Court said it’s deferring action on President Donald Trump’s bid to remove Fed Gov. Lisa Cook while the Justice Department appeals a lower court ruling that said she was likely to win her lawsuit over the firing.
BUSINESS
Oct 2, 2025
U.S. Supreme Court allows Lisa Cook to stay on at Fed, for now
The high court said it’s deferring action on U.S. President Donald Trump’s bid to remove Cook while the Justice Department appeals a lower court ruling.
A bipartisan group of economic experts urged the Supreme Court not to let U.S. President Donald Trump fire Fed Gov. Lisa Cook.
BUSINESS / Economy
Sep 26, 2025
Economic luminaries enter legal battle over Fed independence
The Supreme Court this year has largely sided with Trump in his firing decisions, but the justices have previously said the Fed is a "uniquely structured, quasi-private entity.”
U.S. President Donald Trump speaks during a news conference at Chequers, in Aylesbury, central England, on Thursday.
BUSINESS / Economy / ANALYSIS
Sep 20, 2025
Trump’s economic team is short some key players amid staff churn
Vacancies stretch across agencies from the Internal Revenue Service to the Bureau of Labor Statistics, both of which are without permanent leaders.
Stocks in Tokyo have been rallying for months on political and trade hopes and in anticipation of a rate cut in the United States.
BUSINESS / Markets
Sep 18, 2025
Japan's Nikkei 225 rallies to record following Fed rate cut overnight
Trade was choppy and tentative at first until a decisive move upward started at about 10 a.m.
U.S. Federal Reserve Chair Jerome Powell speaks during a news conference in Washington on Wednesday.
BUSINESS / Markets
Sep 18, 2025
Powell rallies Fed colleagues as economic and political risks grow
The decision to cut rates was nearly unanimous, with the lone dissent coming from Fed Gov. Stephen Miran, a close ally of U.S. President Donald Trump.
U.S. Federal Reserve Chair Jerome Powell speaks at a news conference in Washington on Wednesday.
BUSINESS / Economy
Sep 18, 2025
After Fed rate cut, Powell says jobs market no longer very solid
Chair Jerome Powell pointed to growing signs of weakness in the labor market to explain why officials decided it was time to cut rates.
The Nikkei 225 stock index rose above the 45,000 mark just after the open and then fell back to close the day below that mark.
BUSINESS / Markets
Sep 16, 2025
Nikkei 225 breaks 45,000 for the first time ever
The benchmark hit another record ahead of an expected rate cut in the U.S.
Federal Reserve Gov. Lisa Cook attends a Federal Reserve Board open meeting discussing proposed revisions to the board's supplementary leverage ratio standards, in Washington in June.
BUSINESS / Economy
Sep 16, 2025
U.S. appeals court rejects Trump bid to oust Fed's Lisa Cook
The attempt to fire the Federal Reserve governor was the first by a president since the central bank's founding in 1913.
Stephen Miran, one of U.S. President Donald Trump's top economic advisers, attends a Senate hearing on his nomination to join the Board of Governors of the Federal Reserve, in Washington on Sept. 4.
BUSINESS / Markets
Sep 16, 2025
U.S. Senate confirms Trump aide to Fed as politics loom over rate meeting
A U.S. federal appeals court also ruled that Federal Reserve Gov. Lisa Cook can remain in her position while challenging President Donald Trump's attempt to remove her.
U.S. President Donald Trump listens to Secretary of the Treasury Scott Bessent as he signs executive orders at the White House in Washington on Friday.
BUSINESS / Economy
Sep 6, 2025
U.S. Treasury Secretary Bessent calls for big changes at Fed
Bessent called for renewed scrutiny of the Federal Reserve, including its power to set interest rates, saying the "Fed must change course."
Stephen Miran, U.S. President Donald Trump's nominee to the Federal Reserve Board attends a Senate Banking, Housing and Urban Affairs Committee nomination hearing on Capitol Hill in Washington, on Thursday.
BUSINESS / Economy
Sep 5, 2025
Trump's pick for Fed tells Senate panel he's 'not at all' president's puppet
The hearing was held as Trump steps up efforts to exert control over the central bank, including an unprecedented attempt to remove a sitting Fed governor.
U.S. President Donald Trump wears a "Trump Was Right About Everything!" hat, as he visits The People’s House: A White House Experience museum in Washington on Aug. 22.
WORLD / Politics / ANALYSIS
Aug 30, 2025
Seeking more power, Trump uses firings to test presidential limits
The actions underscored Trump's desire for influence in sectors normally seen as independent from overt political control.
The lawsuit accused U.S. President Donald Trump of violating Federal Reserve Gov. Lisa Cook's right to due process under the Constitution by firing her without notice or a hearing.
WORLD / Crime & Legal
Aug 29, 2025
Fed Gov. Lisa Cook sues Trump over his attempt to fire her
The case is likely headed to the Supreme Court, where a conservative majority has at least tentatively allowed Trump to fire officials from other agencies.
Lisa Cook (right) is sworn in to become a member of the Federal Reserve Board of Governors by Powell, at the central bank's headquarters in Washington on May 23. Trump this week said he is firing Cook over alleged improprieties in obtaining mortgage loans.
BUSINESS / Economy / ANALYSIS
Aug 27, 2025
Fed's credibility is an asset whose decline could be costly
Once eroded, markets will see monetary policy decisions from the central bank as likely to be more politically motivated.
Federal Reserve Gov. Lisa Cook attends the Federal Reserve Bank of Kansas City's 2025 Jackson Hole economic symposium, in Jackson Hole, Wyoming, on Saturday.
BUSINESS / Economy
Aug 26, 2025
Trump to fire Fed board's first African-American woman over mortgage allegations
The unprecedented step could test the boundaries of presidential power over the independent monetary policy body should it be challenged in court.
(Left) Bank of England Gov. Andrew Bailey, European Central Bank President Christine Lagarde (second from left), Bank of Japan Gov. Kazuo Ueda (third from left) and U.S. Federal Reserve Chairman Jerome Powell pose for a picture during the Jackson Hole Economic Policy Symposium in Moran, Wyoming, on Friday.
BUSINESS / Markets
Aug 25, 2025
Central bankers fear being caught in Federal Reserve's storm
Politically motivated attacks on the Fed could spill over to the rest of the world.
Federal Reserve Chairman Jerome Powell attends the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, on Friday.
BUSINESS / Economy
Aug 23, 2025
U.S. Fed chair opens door to rate cut as Trump steps up pressure
But Fed chief Jerome Powell also continued to argue that policymakers must guard against the prospect that President Donald Trump’s tariffs lead to persistent inflation.
Federal Reserve Chair Jerome Powell (center left) talks to U.S. President Donald Trump and Sen. Tim Scott as they tour the Federal Reserve’s renovation project in Washington on July 24.
WORLD / Politics
Aug 13, 2025
Trump may allow lawsuit against Powell over Fed renovation amid rate tension
The renovation work has become a flash point in Trump’s pressure campaign against Powell and the central bank for not lowering borrowing costs.
Stephen Miran, in a paper he co-authored last year for the Manhattan Institute, laid out a case for increasing presidential control of the Fed board, including by shortening members' terms.
BUSINESS
Aug 8, 2025
Trump picks Stephen Miran to fill open spot on Fed board
Miran, who has called for a complete overhaul of the Fed's governance, would take over from Fed Governor Adriana Kugler following her surprise resignation last week.
U.S. President Donald Trump takes questions from reporters at the White House in Washington on Wednesday.
BUSINESS / Economy
Aug 2, 2025
Trump fires data chief on bad job news and gets chance to tilt Fed
Trump fired the head of the Bureau of Labor Statistics, hours after it sent markets tumbling with a report that showed a dramatic slowdown in U.S. hiring.

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