US Federal Reserve governor Lisa Cook on Tuesday rejected President Donald Trump’s announcement that he was removing her from the central bank, insisting he has no authority to do so and vowing not to resign.Donald Trump posted a letter on his Truth Social platform declaring Cook’s dismissal effective immediately, citing allegations of mortgage fraud. Cook […]
File photo: US President Donald Trump and Lisa Cook (Picture credit: AP) US President Donald Trump has removed Federal Reserve Governor Lisa Cook from her position in a move that could set off a major legal fight over the independence of America’s central bank.Trump announced Cook’s dismissal on Monday evening through a letter posted on […]
US treasury secretary Scott Bessent (Image credits: AP) US President Donald Trump said Tuesday that Treasury Secretary Scott Bessent is no longer being considered to replace Jerome Powell as Chair of the Federal Reserve, after Bessent expressed his desire to remain in his current role.“I love Scott, but he wants to stay where he is,” […]
BLS commissioner Erika McEntarfer, left, and US President Donald Trump ( Image credits: X) US President Donald Trump on Friday dismissed bureau of labor statistics (BLS) commissioner Erika McEntarfer, just hours after the agency released a weaker-than-expected July jobs report.In a post on Truth Social, he accused Erika McEntarfer, a Biden appointee, of manipulating employment […]
Russ Vought (Image: X) and Jerome Powell (AP image) Federal Reserve Chair Jerome Powell sent a letter on Thursday to White House Budget Director Russ Vought, responding to allegations that he mismanaged the renovation of the Federal Reserve Board’s Eccles Building and the 1951 Constitution Avenue facility.The letter comes amid growing speculation that the Trump […]
File photo: Federal Reserve Chair Jerome Powell (Picture credit: AP) WASHINGTON: US President Trump has the authority to fire Federal Reserve chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said Sunday, adding the Fed “has a lot to answer for” on renovation cost overruns at its Washington headquarters. […]
US President Donald Trump once again slammed Federal Reserve Chairman Jerome Powell, accusing him of costing the country hundreds of billions of dollars after the central bank kept the interest rates unchanged. “Too Late,” Trump tweeted, calling Powell one of the “dumbest” and most “destructive” people in government. “Too Late” Jerome Powell is costing our […]
US President Trump renewed his criticism on Thursday of Federal Reserve chair Jerome Powell, complaining the Fed is refusing to lower interest rates. Trumpsaid cutting interest rates would be “like jet fuel” for the economy “but he doesn’t want to do it”. He said Powell is “not in love with me”. Fed this week kept […]
Donald Trump says he won’t fire Fed chair Jerome Powell (File photo) US President Donald Trump announced on Sunday that he will not remove Jerome Powell as Federal Reserve board chairman before his term ends in May 2026 while describing the central banker as “a total stiff” and repeating calls for the Fed to lower […]
US President Donald Trump and his administration will “continue to study,” whether it’s possible to remove Federal Reserve chief Jerome Powell, his top White House advisor said on Friday.“The president and his team will continue to study that matter,” National Economic Council director Kevin Hassett told reporters, when questioned about the possibility of Powell’s termination, […]
