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 president Donald Trump announced on Thursday that he will nominate top economic adviser Stephen Miran to temporarily fill a vacancy on the Federal Reserve’s Board of Governors.Miran, who currently chairs the White House’s Council of Economic Advisers, is set to replace outgoing governor Adriana Kugler, a Biden appointee stepping down on Friday. If confirmed […]
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,” […]
Donald Trump has called on Federal Reserve chair Jerome Powell to resign, intensifying his attacks on the central bank’s leadership after Fed governor Adriana Kugler announced her early departure.“’Too Late’ Powell should resign, just like Adriana Kugler, a Biden Appointee, resigned. She knew he was doing the wrong thing on Interest Rates. He should resign, […]
Screengrab from Trump’s interaction with reporters during Fed visit US president Donald Trump on Thursday visited the Federal Reserve’s renovation site in Washington, DC — and used the opportunity to take fresh shots at chair Jerome Powell. Standing in front of the half-finished project, Trump mocked the rising costs. “It looks like it’s about $3.1 […]
US treasury secretary scott Bessent said on Tuesday he saw no immediate reason for federal reserve chair Jerome Powell to step down. This comes just a day after Bessent publicly called for a full review of the Fed’s operations beyond its main role in setting interest rates. Speaking to Fox Business, Bessent said, “There’s nothing […]
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 […]
Officials at the Federal Reserve on Friday showed little sign of deviating from their message that there is no urgency to lower interest rates, despite a claim by President Trump that there is “no inflation.” A solid economy affords the central bank the flexibility to wait and see what the economic impact of Mr. Trump’s […]
