Jerome Powell, chairman of the US Federal Reserve, left, and Lisa Cook, governor of the US Federal Reserve, during the Federal Reserve Board open meeting in Washington, DC, US, on Wednesday, June 25, 2025. Al Drago | Bloomberg | Getty Images The Federal Reserve on Tuesday said it would abide by any court decision on…
Lisa Cook, governor of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024. Al Drago | Bloomberg | Getty Images Federal Reserve Board Governor Lisa Cook will file a lawsuit challenging her removal by President Donald Trump, her atto“rney said Tuesday. “President Trump has no authority…
Lisa Cook, governor of the Federal Reserve, speaks during a Fed Listens event in Washington, D.C., on March 22, 2024. Al Drago | Bloomberg | Getty Images President Donald Trump on Monday said he had fired Federal Reserve Board Governor Lisa Cook, an unprecedented and dramatic escalation of his attacks on the U.S. central bank’s independence over…
Cleveland Federal Reserve President Beth Hammack said Friday she would be hesitant about lowering interest rates as long as inflation remains a threat. In a CNBC interview, the policymaker did not share the market’s enthusiasm for a cut, sparked after Chair Jerome Powell’s keynote speech earlier in the morning stating that current conditions “may warrant”…
Federal Reserve Chair Jerome Powell is set to deliver what almost certainly will be his last keynote address at the central bank’s annual conclave during one of the most tumultuous times in its history. What’s at stake is the near-term sentiment for financial markets, the longer-term path of the Fed’s policy trajectory, and a not…
Federal Reserve officials worried at their July meeting about the state of the labor market and inflation, though most agreed that it was too soon to lower interest rates, minutes released Wednesday showed. The meeting summary depicted a divergence of opinion among the central bankers, whose vote to hold their key rate steady came despite objections…
Oli Scarff | Getty Images LONDON — European stocks are expected to open broadly higher on Thursday as regional traders keep an eye on the latest economic data from the region. The U.K.’s FTSE index is seen 0.11% higher, Germany’s DAX up 0.12%, France’s CAC 40 flat and Italy’s FTSE MIB up 0.13%, according to data…
Australia’s central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening if necessary to tame inflation. Pavlo Gonchar | Lightrocket | Getty Images Australia’s central bank cut its benchmark lending rates by 25 basis points on…
President Donald Trump on Thursday announced he has selected Stephen Miran, chair of the Council of Economic Advisors, to a pivotal seat on the Federal Reserve Board of Governors, replacing Adriana Kugler, who resigned Friday. The nominee will serve out Kugler’s term, which expires Jan. 31, 2026. “In the meantime, we will continue to search…
U.S. President Donald Trump points towards Federal Reserve Chair Jerome Powell holding a document during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | Reuters Federal Reserve Governor Adriana Kugler’s surprise resignation last week brought back a scenario that seemed to…
