Trump considers firing Fed Governor Lisa Cook
Digest more
Fed Chair Powell hints at possible rate cuts in September, signaling a policy shift. Click here to read what investors need to know.
Federal Reserve Governor Christopher Waller urges support for new technologies such as stablecoins and other digital assets, saying that these fuel growth in innovative new payment services.
1h
StockStory.org on MSNCustomers Bancorp, Community Bank, Columbia Banking System, Cathay General Bancorp, and Cadence Bank Shares Are Soaring, What You Need To Know
What Happened? A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low,
President Donald Trump is calling on a Federal Reserve governor to resign over an accusation of mortgage fraud.
"Don't forget, our Federal Reserve is not at all a part of our Constitution. It's a creature of the U.S. Congress, created by the Federal Reserve Act 1913."
Trump has used the renovation project as both a literal and symbolic example of what he has often described as government waste. Speaking to reporters last week, Trump called the construction effort “a disgrace,” and accused Fed officials of overspending at a time when inflation remains high and interest rates are biting into household budgets.
The Federal Reserve Bank oversees the banking system, so its leaders face questions as they meet in Washington this week. INSKEEP: NPR's Scott Horsley will be listening to them, as he often does.
On Dec. 23, 1913, President Woodrow Wilson signed the Owen-Glass Act, creating the Federal Reserve System, an independent agency of the U.S. Government. Before Federal Reserve began its operation ...
4h
Scripps News on MSNFederal Reserve could lower rates as job market loses steam, Powell says
Fed Chair Jerome Powell says a slowing job market may prompt the Fed to cut interest rates, though inflation risks remain above the central bank’s 2% target.