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.
Category: Federal Reserve System
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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.
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CPI Shows Pace of US Inflation Likely to Keep Fed Cautious on Rate Cuts
The central bank is likely to lower borrowing costs at its meeting next week amid budding concerns about the labor market.
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Republicans Race to Advance Stephen Miran, Trump’s Fed Pick, Despite White House Ties
Stephen Miran, a top economic adviser to the president, has said he intends to take a leave of absence if confirmed, heightening fears about the central bank’s independence.
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Employers Added Fewer Jobs Than Believed, Updated Data Shows
Preliminary annual revisions could add to political pressure on the agency that produces the data.
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Ken Griffin Speaks Out Against Trump’s Attacks on the Fed
The criticism from the hedge fund billionaire and Trump voter is a rare rebuke of the president by a corporate leader.
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Second Weak Jobs Report Undercuts Trump’s Claims of a Booming Economy
After a bad employment report in August, President Trump fired the official in charge of the numbers. This month’s data was just as disappointing.