Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington, DC, US, on Friday, Oct. 24, 2025. Francis Chung | Bloomberg | Getty Images President Donald Trump knows who he’s going to select as the next Federal Reserve chair butRead More →
New York Federal Reserve President John Williams said Friday he expects the central bank can lower its key interest rate from here as labor market weakness poses a bigger economic threat than higher inflation. With divisions in the central bank running high over the future of rates, Williams took theRead More →
A member of staff walks beneath a trading board at the London Stock Exchange on April 25, 2025 in London, England. Carl Court | Getty Images News | Getty Images European stocks were sharply lower on Friday as concerns about an artificial intelligence bubble and the global economy shook investorRead More →
Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022. Ting Shen | Bloomberg | Getty Images “This case challenges President Trump’s unprecedented and illegal attempt to remove Governor Cook from her position which, ifRead More →
Lisa Cook, governor of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024. Al Drago | Bloomberg | Getty Images Federal Reserve Board Governor Lisa Cook will file a lawsuit challenging her removal by President Donald Trump, her atto“rney said Tuesday.Read More →
BREAKINGBREAKING, US president says Lisa Cook removed from position ‘effective immediately’. United President Donald Trump has ordered the removal of Federal Reserve Governor Lisa Cook amid unproven claims of mortgage fraud. In a letter posted on social media on Monday night, Trump said Cook was being sacked “effective immediately” inRead More →
Ulsan city skyline from the Hamwolru Pavilion. People can enjoy beautiful cityscape for free. Ulsan, South Korea. Insung Jeon | Moment | Getty Images Asia-Pacific rose Monday, tracking Wall Street gains after Federal Reserve Chair Jerome Powell signaled that the central bank could begin easing monetary policy next month in his widely anticipated annualRead More →
Federal Reserve Chair Jerome Powell on Friday gave a tepid indication of possible interest rate cuts ahead as he noted a high level of uncertainty that is making the job difficult for monetary policymakers. In his much-anticipated speech at the Fed’s annual conclave in Jackson Hole, Wyoming, the central bankRead More →
Cook, who has been accused of mortgage fraud, says she will not be ‘bullied’ into resigning by the president. United States President Donald Trump says he will fire Federal Reserve Governor Lisa Cook if she doesn’t quit, intensifying his effort to gain influence over the central bank. “I’ll fire herRead More →
Cook, who has been accused of mortgage fraud, has said she will not be bullied by Trump into resigning. The United States Department of Justice plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and encouraging him toRead More →
