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: United States Politics and Government
-
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.
-
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.
-
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.
-
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.
-
Europe Gets a Written Trump Trade Deal, With a Caveat for Automakers
The European Union and United States have been negotiating the joint text for weeks. The deal is much as expected, but it will delay tariff relief for European cars.
-
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.
-
Documents Add Detail to Fox Hosts’ Desire to Help Trump
The documents were released as part of a defamation case against Fox Corporation filed by Smartmatic, an election technology company.
-
TV Giant Nexstar Agrees to Acquire a Rival, Tegna, for $6.2 Billion
To close the deal, Nexstar will need approval from the Federal Communications Commission, which could cement its position as the biggest provider of local TV in the U.S.
-
Trump May Further Redefine U.S. Capitalism With an Intel Move
The White House’s deliberations about taking a stake in Intel could upend the technology sector — and further redefine how Washington deals with business.
-
The Race to Rescue PBS and NPR Stations
The Knight Foundation and other top organizations are aiming to provide $50 million to stabilize the stations most at risk from the recent federal government funding cuts.
-
Economic Data Has Taken a Dark Turn. That Doesn’t Mean a Crash Is Near.
Inflation is up and job creation down, but the U.S. economy could still pull through without too much pain.