The decision came just a day before the Federal Reserve begins a two-day meeting at which policymakers are expected to cut interest rates.
Category: 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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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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Judge Rules Fed Governor Can Remain in Role, for Now
The decision is a win for Lisa Cook, the Federal Reserve governor that President Trump sought to dismiss over allegations of mortgage fraud.
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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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Labor Market Stalled This Summer, With August Data Adding to Slowdown
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.
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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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Mounting Deportations Meet Slow Hiring in a ‘Curious Kind of Balance’
An influx of immigrants helped ease worker shortages, and now their expulsion is helping to mask the country’s weakening demand for labor.
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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.