Employers added 22,000 jobs in August. Revised data also showed that employment fell by 13,000 jobs in June, the first net loss since December 2020.
Category: Federal Reserve System
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Weak Jobs Report Strengthens Case for Fed to Cut Interest Rates
A reduction at the Federal Reserve’s next meeting this month looks all but assured after August’s labor market data.
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Stephen Miran, Trump’s Fed Pick, to Face Grilling From Lawmakers
Stephen Miran, who served as one of the president’s top economic advisers, will have to reconcile his past criticism of the central bank with his new responsibilities if he becomes a governor.
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Stephen Miran, Trump’s Pick for Fed, Says He Will Preserve Its Independence
Stephen Miran is scheduled to face members of the Senate Banking Committee on Thursday as the administration steps up its attacks on the Federal Reserve.
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Trump’s Fight with the Fed Carries a Heavy Cost, Experts Say
The president’s attacks on the central bank’s independence could undermine investor confidence in the institution at a crucial time.
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Trump Asserts Expansive Power to Fire Fed Governor Lisa Cook
Lawyers for the administration told a court it should be “highly deferential” to the president when it comes to firing a Federal Reserve governor “for cause.”
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Fed Governor Lisa Cook Sues Trump Over Dismissal
Lisa Cook, who has not been charged with a crime, sought to retain her position, arguing her firing was “unprecedented and illegal.”
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How Trump Could Gain Control of the Fed
President Trump’s attempt to fire Lisa Cook has laid bare the erosion of the Federal Reserve’s independence, which could lead to economic consequences for Americans, The New York Times’s chief economics correspondent explains.
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Trump’s Fed Feud Spotlights Mortgage Data Privacy: Is Your Information Public?
After President Trump accused a Federal Reserve governor of mortgage fraud, everyday citizens are waking up to just how much information is out there.
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The Fate of the Fed May Turn on Two Words: ‘For Cause’
The Supreme Court has said the Federal Reserve Board’s independence warrants protection. President Trump’s effort to fire a member will test that commitment.
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Stock Market Reaction Is Muted After Trump’s Threats to Lisa Cook and the Fed
The market reaction was muted after President Trump moved to fire the Federal Reserve governor Lisa Cook. One economist likened the response to a frog in “gently heating” water.
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Mortgage Fraud Claims Give Trump Weapon Against Lisa Cook and Others
The director of Federal Housing Finance Agency could win the president an opening on the Federal Reserve board.