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.
Category: Powell, Jerome H
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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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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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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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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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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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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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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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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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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.
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Trump’s Attempt to Fire the Fed’s Lisa Cook Risks Global Economic Stability
President Trump’s attempt to fire Lisa Cook, a Fed governor, will set off a long legal battle. Economists warn it could lead to higher inflation and government borrowing costs.