Treasury Secretary Scott Bessent announced that President Trump is very close to making his selection for the next Federal Reserve chairman. “My guess is the president will reach a decision maybe as soon as next week,” said Bessent during a CNBC interview at the World...
Federal Reserve Chairman Jerome Powell is planning to attend Wednesday’s oral arguments before the US Supreme Court in the case of President Trump’s attempt to fire Fed Gov. Lisa Cook over allegations that she committed mortgage fraud. The Associated Press, sourcing...
The US Supreme Court ruled that Federal Reserve Gov. Lisa Cook can remain in her position until it reviews the case over whether President Trump has the authority to remove her based on accusations of mortgage fraud. The court will hear the arguments in this case in...
A bipartisan collection of former Federal Reserve chairpersons, Treasury Secretaries and White House economists have filed an amicus brief with the US Supreme Court asking that Lisa Cook remain as a Federal Reserve governor while she fights the White House’s...
The Trump administration has made an emergency request to the US Supreme Court to decide whether he has the authority to fire Federal Reserve Gov. Lisa Cook. The request follows an appeals court decision on Monday that rejected Trump’s efforts to fire Cook ahead of...
Fed Holds Rates at 3.75%–4.00% as Two Officials Call for Another Hike
