The Trump administration, rebuffed by the Supreme Court in its first attempt to fire Lisa D. Cook, sent the Federal Reserve governor a letter saying it was “considering” removing her from the job.
Category: Federal Reserve System
-
Trump Restarts Battle to Fire Sitting Fed Governor Lisa Cook
The New York Times – Business: -
Weak Jobs Report Does Not Eliminate Prospects of Interest Rate Rise
The New York Times – Business:Officials at the Federal Reserve are chiefly focused on the trajectory of inflation after five years of overshooting the central bank’s 2 percent target.
-
The Fed Didn’t Raise Rates. The Bond Market Did.
The New York Times – Business:The market is saying risks are rising. That means hardship for home buyers and higher hurdles for A.I. data centers and the stock market. But it’s also a boon for retirees.
-
Jobs Report Poses New Test for Warsh and the Fed
The New York Times – Business:Friday’s jobs report comes as investors increasingly expect the Federal Reserve to begin raising interest rates as soon as next month.
-
What the Stock Market’s Record Rally Has to Do With Rescuing the Yen
The New York Times – Business:The wide impact of the U.S. intervention into the Japanese currency shows the extent to which global markets’ revolve around investments in artificial intelligence.
-
A Currency Trader at Heart, Bessent Bets on Japan’s Yen
The New York Times – Business:Coordinated intervention allowed Japan to support its currency without selling off its U.S. debt holdings.
-
Here’s Why the US Is Helping Prop Up the Japanese Yen
The New York Times – Business:The U.S. Treasury joined efforts in Tokyo to stem the yen’s slide against the dollar, highlighting the broader risks posed by turmoil in Japanese markets.
-
Warsh Considers Reducing Frequency of Fed Policy Meetings
The New York Times – Business:The Federal Reserve has met at least eight times a year for decades. Reducing the number of meetings would represent the biggest change by Kevin M. Warsh since he became chairman.
-
Inflation Worries Prompted Fed Officials to Dissent on Holding Rates Steady
The New York Times – Business:Internal divisions over whether to raise interest rates intensified at Kevin Warsh’s second meeting as chairman of the Federal Reserve.
-
Bond Investors’ Inflation Angst Rises on Fed’s Lack of Guidance
The New York Times – Business:The yield on government bonds, which underpins borrowing costs from mortgages to business loans, remained elevated over concerns about the Federal Reserve’s efforts to contain inflation.
-
U.S. Economy Grew More Slowly in the Second Quarter
The New York Times – Business:Gross domestic product expanded at a 1.5 percent annual rate over the past three months, as war in the Middle East shook energy prices and supply chains.
-
A ‘Credibility Shock’ Looms Over the Fed
The New York Times – Business:Bonds sold off sharply after the Federal Reserve’s latest rate decision, signaling growing turmoil between the markets and the central bank.