3 d. ago Trump takes one step back, another forward in attempt to reshape Fed

WASHINGTON — President Donald Trump’s goal of appointing a majority of the Federal Reserve’s board of governors faced a setback late Tuesday when a court blocked his unprecedented attempt to fire Lisa Cook. But the very next next day, his nominee to replace another Fed governor moved forward, giving him one more opportunity during his […]

Other

3 d. ago U.S. court rules Lisa Cook can stay as Fed governor, blocks Trump from removing her

Trump, a Republican, said he was firing Cook on Aug. 25 over allegations raised by one of his appointees that she committed mortgage fraud.

Politics

5 d. ago Australia’s Wealth Fund Monitors Fed Pressure, Trims US Exposure

Australia’s A$252 billion ($166 billion) sovereign wealth fund said it’s reduced exposure to US markets and is keeping close tabs on President Donald Trump’s pressure campaign against the Federal Reserve.

Other

9 d. ago Trump’s Fed nominee says he’d keep his White House job even if confirmed by the Senate

WASHINGTON (AP) — Stephen Miran, President Donald Trump’s pick to join the Federal Reserve board, said Thursday that he would remain a White House employee even if the Senate confirms him to fill an unexpired term at the central bank. Miran, who was nominated to fill a gubernatorial term set to expire in January, made […]

Economics

1 week ago How the Fed losing its independence could affect Americans’ everyday lives

WASHINGTON (AP) — President Donald Trump’s attempt to fire a member of the Federal Reserve’s governing board has raised alarms among economists and legal experts who see it as the biggest threat to the central bank’s independence in decades. The consequences could impact most Americans’ everyday lives: Economists worry that if Trump gets what he […]

Other

2 w. ago U.S. Federal Reserve governor sues Trump over attempt to fire her, in case that could have wide ramifications

The case could become a turning point for the 112-year old Federal Reserve, which was designed by Congress to be insulated from day-to-day political influence

Events

2 w. ago Fed Gov. Lisa Cook sues Trump administration to block her attempted firing

WASHINGTON (AP) — Federal Reserve Governor Lisa Cook has sued 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. No president has sought to fire a Fed governor in the institution’s 112-year history until Trump posted […]

Politics

2 w. ago US Firms Said to Eye Pakistan Oil After Trump’s Reserves Claim

America’s seniormost envoy in Pakistan has told the South Asian nation that US companies are showing “strong interest” in its oil and gas sector, after President Donald Trump late last month surprised the industry by vaunting “massive” reserves.

Economics

2 w. ago Gold Holds Gain as Trump Amps Up Threats to Fed Governor Cook

Gold was steady after rising Tuesday on concerns over central bank independence and inflation risks after President Donald Trump doubled down on his efforts to oust a Federal Reserve governor.

Politics

2 w. ago Donald Trump wants to oust U.S. Federal Reserve governor — and she vows to sue

In a post on Truth Social, Trump shared a letter he wrote to Lisa Cook, informing her that he was terminating her role.

Politics

2 w. ago Trump fires Fed governor, opening new front in fight for control over central bank

WASHINGTON — President Donald Trump fired Federal Reserve governor Lisa Cook late Monday, a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics. Trump said in a letter posted on his Truth Social platform that he is firing Cook because of allegations that […]

Events

2 w. ago Oil Declines as Traders Gauge Risks to Supplies and Fed Turmoil

Oil dropped after a four-day gain as investors waited for clearer signals on supplies, while also tracking the wider market fallout from President Donald Trump’s move to oust a Federal Reserve governor.

Economics

3 w. ago Trump calls on Federal Reserve governor Lisa Cook to resign after ally accuses her of mortgage fraud

WASHINGTON — President Donald Trump on Wednesday called on Federal Reserve governor Lisa Cook to resign after a member of his administration accused Cook of committing mortgage fraud. 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 […]

Politics

3 w. ago Trump calls on Federal Reserve official to resign after ally accuses her of mortgage fraud

WASHINGTON (AP) — President Donald Trump on Wednesday called on Federal Reserve governor Lisa Cook to resign after a member of his administration accused Cook of committing mortgage fraud. 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 […]

Events