President Trump had pressed to fire Lisa Cook before the central bank’s meeting, where the board voted to cut interest rates.
Category: Federal Reserve System
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Fed Faces No Good Options as Labor Market Wobbles While Inflation Firms
The central bank is grappling with how quickly to lower interest rates after restarting cuts on Wednesday, amid mixed economic signals and a relentless White House pressure campaign.
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A New Rate-Cut Cycle Could Be Fuel on the Stock Market Fire
But with the market already booming and the Federal Reserve under presidential pressure, a new cycle of lower rates could pour fuel onto a fire, our columnist says.
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Powell Faces Challenges From Within the Fed, Too
The central bank is expected to reduce interest rates on Wednesday. But there could be a internal debate about the size of a cut , and how many more to make.
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Federal Reserve to Meet Under Cloud of Trump’s Attacks
Stephen Miran and Lisa Cook will both cast votes at the central bank’s meeting on Wednesday, where policymakers are expected to lower interest rates.
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Appeals Court Says Lisa Cook Can Remain on Fed Board
The decision came just a day before the Federal Reserve begins a two-day meeting at which policymakers are expected to cut interest rates.
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Senate Confirms Stephen Miran as Fed Governor
The Senate voted to install one of President Trump’s top economic advisers at the central bank, opening the door for him to cast a vote at this week’s meeting to set interest rates.
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The Fed Tried to Avoid a Fight With Trump. It Got One Anyway.
The central bank’s cautious approach to defending itself against President Trump is drawing scrutiny as the institution’s independence comes under threat.
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In Some Records, Fed Governor Lisa Cook Listed Atlanta Home as Secondary
The Trump administration has sought to block Lisa Cook from the Federal Reserve meeting on interest rates this coming week.
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As the Fed Prepares to Lower Rates, 2 Seats on Its Board Are in Limbo
The Senate looks poised to confirm President Trump’s pick to join the central bank in time for the policy meeting next week, while another governor’s fate remains up in the air.