Trump administration officials have accused the Federal Reserve governor of mortgage fraud and called for her to resign.
Category: Federal Reserve System
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Can Trump Fire a Fed Governor? What to Know About the Legal Arguments
The Supreme Court has indicated that there are distinctive reasons to shield the Federal Reserve from political interference.
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Stocks and Bonds Rise After Powell Suggests Interest Rate Cuts Could Be Imminent
Investors’ expectations of lower interest rates were reflected in the major stock indexes and lower government bond yields.
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Trump Threatens to Fire Fed Governor Lisa Cook If She Does Not Resign
President Trump said he would fire Lisa Cook, a Federal Reserve governor, if she did not resign. But his ability to fire a Fed governor is limited.
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Jerome Powell Suggests Fed Will Soon Cut Interest Rates in Jackson Hole Speech
Jerome H. Powell said the “balance of risks” across the economy had started to shift, raising the odds the central bank lowers borrowing costs at its next meeting in September.
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Jay Powell Takes Center Stage with Friday’s Jackson Hole Address
The Fed chief is expected to address inflation, interest rates and the economy in his speech on Friday. Will he also confront President Trump’s attacks on central bank independence?
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Trump’s Attacks on the Fed and BLS Threaten Key Source of Economic Strength
The president’s efforts to control the Federal Reserve and Bureau of Labor Statistics carry risks. But collectively, the moves could be even more damaging, economists warn.
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Trump’s Attacks on Fed Overshadow a Critical Moment for the Central Bank
The president’s calls for Lisa Cook, a Fed governor, to resign are diverting attention from economic issues as top central bankers from around the world gather in Jackson, Wyo.
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What Will Powell Do Now?
President Trump’s attack on a Federal Reserve governor comes as the White House seeks more control over the central bank. Will the Fed’s leader push back?
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Investors Expect Nvidia’s Earnings to Move the S&P More Than Powell’s Speech
When Nvidia, the chip producer, reports earnings next week, investors expect the S&P 500 to have a bigger reaction than when the Fed chair delivers a big speech on Friday.
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Behind Powell’s Big Gamble in Final Jackson Hole Speech
Jerome Powell, the Federal Reserve chair, is managing a high-stakes balancing act as he grapples with a cooling labor market, rising inflation and White House pressure to cut interest rates.
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Why Claiming Two Primary Residences Is a Problem, Even if Prosecutions Are Rare
Lenders will often charge a higher interest rate for a second home or a property you intend to use as a rental since the risks there are higher.