3 d. ago Breitbart Business Digest: How the Fed Destroyed Its Own Independence

This week saw a series of unprecedented events that may signal the end of the form of central bank independence as we have known it for more than a century. The post Breitbart Business Digest: How the Fed Destroyed Its Own Independence appeared first on Breitbart.

Politics

3 d. ago PCE Inflation Stayed Stable in July, Keeping Fed on Track to Lower Interest Rates

The latest economic data keeps the central bank on track to lower interest rates at its next meeting in September.

Politics

4 d. ago Fed governor Lisa Cook sues Trump to block effort to remove her from central bank

Fed governor Lisa Cook sues Trump to block effort to remove her from central bank  The Washington Post

Politics

5 d. ago Breitbart Business Digest: When Congress Wrote the Fed Rules, Courts Weren't Invited

Measured against the history, the text, and the institutional logic, the legal ground in the Lisa Cook dispute tilts toward presidential discretion, not judicial oversight of central bank staffing. The post Breitbart Business Digest: When Congress Wrote the Fed Rules, Courts Weren’t Invited appeared first on Breitbart.

Events

6 d. ago Trump says he’s ‘always’ ready for legal fight as ousted Fed governor Lisa Cook plans lawsuit

Trump said he was prepared to engage in a legal battle with Federal Reserve Governor Lisa Cook following his decision to dismiss her from the nation's central bank.

Politics

7 d. ago What Trump’s firing of Fed governor means for central bank’s independence

What Trump’s firing of Fed governor means for central bank’s independence  The Guardian

Politics

7 d. ago Trump fires Fed Governor Lisa Cook, opening new front in fight for control over central bank

Trump said in a letter posted on his Truth Social platform that he is removing Cook because of allegations that she committed mortgage fraud. The post Trump fires Fed Governor Lisa Cook, opening new front in fight for control over central bank appeared first on Boston.com.

Politics

9 d. ago Fed Officials Try to Keep Focus on Economy as Trump Intensifies Attacks

The administration’s effort to oust a Fed governor as part of a pressure campaign for lower borrowing costs created an inescapable distraction at this year’s Jackson Hole conference.

Politics

1 week ago Lisa Cook, Who Broke Ground at the Fed, Faces Attack by Trump

The first Black woman to serve on the Federal Reserve board, Ms. Cook has long been a pathbreaker in a field dominated by white men.

Politics

1 week ago Jerome Powell Suggests Fed Will Soon Cut Interest Rates in Jackson Hole Speech

Jerome H. Powell said the “balance of risks” across the economy had started to shift, raising the odds the central bank lowers borrowing costs at its next meeting in September.

Politics

1 week ago Trump Threatens to Fire Fed Governor, Escalating Pressure on Central Bank

President Trump said he would fire Lisa Cook, a Federal Reserve governor, if she did not resign. But his ability to fire a Fed governor is limited.

Politics

1 week ago Jay Powell Takes Center Stage with Friday’s Jackson Hole Address

The Fed chief is expected to address inflation, interest rates and the economy in his speech on Friday. Will he also confront President Trump’s attacks on central bank independence?

Politics

1 week ago Trump’s Attacks on the Fed and BLS Threaten Key Source of Economic Strength

The president’s efforts to control the Federal Reserve and Bureau of Labor Statistics carry risks. But collectively, the moves could be even more damaging, economists warn.

Events

1 week ago Taking on the Fed, Trump Combines Retribution Tactics With a Power Play

The president’s second term has been marked by his eagerness to go after his foes and his assertions of presidential authority. Both traits are on display as he seeks control over the central bank.

Politics

1 week ago Trump’s Attacks on Fed Overshadow a Critical Moment for the Central Bank

The president’s calls for Lisa Cook, a Fed governor, to resign are diverting attention from economic issues as top central bankers from around the world gather in Jackson, Wyo.

Politics

1 week ago Trump calls for resignation of Fed governor in latest line of attack

President Trump is calling for the resignation of Federal Reserve governor Lisa Cook after a Trump ally accused her of making false statements on mortgage applications.

Politics

2 w. ago Indian fintech Paytm wins a major regulatory battle days after key investor exit

Paytm has received approval from India’s central bank to resume onboarding new online merchants and offer its digital payment services.

Economics

2 w. ago Trump blasts ‘Too Late’ Powell again, threatens lawsuit over Fed’s $3B HQ renovations

Trump on Tuesday ramped up his pressure on Jerome Powell to cut interest rates, threatening to allow a lawsuit over the central bank’s $3.1 billion renovation project to move forward.

Politics

3 w. ago Stephen Miran, Trump’s Temporary Pick at the Fed, Could Have a Lasting Effect

Stephen I. Miran may spend only a few months on the central bank’s board of governors, but in that time he can influence the discussions around interest rates and who will become the institution’s next leader.

Politics

3 w. ago Trump Names America First Economist Stephen Miran to Fill Seat on Federal Reserve Board

President Donald Trump has selected Stephen Miran, chairman of the White House Council of Economic Advisers, to fill a vacant seat on the Federal Reserve Board, nominating a longtime ally and critic of recent central bank policy to serve out the remainder of an expiring term. The post Trump Names America First Economist Stephen Miran to Fill Seat on Federal Reserve Board appeared first on Breitbart.

Politics