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.
Category: Trump, Donald J
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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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Nvidia’s Jensen Huang in Talks With China to Allay Security Fears Over A.I. Chips
Jensen Huang said he was “surprised” by questions about his company’s chips, given China’s eagerness to acquire them for advanced A.I systems.
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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 Starts Investigation That Could Lead to Tariffs on Wind Turbines
The tariffs would hamper a clean energy industry that the president has often railed against.
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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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The Trade That Binds the Indian and American Economies
President Trump focuses on the trade in manufactured goods, where India sells more to the U.S. than it buys. But the countries share a balanced trade in services.
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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.
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Trump’s Tariffs Push U.S. Businesses Into ‘Survival Mode’
A 90-day pause on additional tariffs on China offers no relief to American companies already facing extraordinarily high import taxes imposed by President Trump.
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Trump Demands a Fed Governor Resign, Escalating Campaign to Remake Central Bank
The administration accused Lisa Cook of mortgage fraud and said it would refer the matter for criminal investigation.