reserve – 9xm News

Setback for Trump? Federal Reserve Governor Lisa Cook to stay in role ahead of rate meeting; appeals court steps in

Donald Trump, Federal Reserve governor Lisa Cook A federal appeals court has ruled that Federal Reserve Governor Lisa Cook can remain in her post, allowing her to take part in this week’s closely watched interest rate meeting, despite President Donald Trump’s attempt to remove her from the board. The decision from the US Court of […]

Federal Reserve shake-up: Donald Trump fires Governor Lisa Cook; accuses her of ‘potentially criminal conduct’

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 […]

‘Will do an outstanding job’: Trump nominates Stephen Miran to Federal Reserve Board; Powell’s role under scrutiny

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 […]

Saudi Arabia launches Middle East’s first all-female sea ranger corps in its royal reserve | World News

The new all-female sea ranger corps will patrol the Reserve’s 170-kilometer Red Sea coastline, safeguarding marine and terrestrial ecosystems/ Image: Prince Mohammed bin Salman Royal Reserve Just ahead of World Ranger Day on July 31, the Prince Mohammed bin Salman Royal Reserve announced a historic development—the establishment of the Middle East’s first all-female sea ranger […]

Federal Reserve System controversy: Jerome Powell denies extravagant spending; refutes claims

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 […]

Fed chair on edge: Who is Jerome Powell, leading the US Federal Reserve since 2018? Why Trump wants to fire him and end his streak

US President Donald Trump has once again taken aim at Federal Reserve Chair Jerome Powell, signalling that he might remove him from the role if re-elected. Trump has long criticised Powell over interest rate hikes and now claims the top central banker is obstructing economic growth. Who is Jerome Powell? Why does Trump want him […]

Donald Trump says he has ‘no intention of firing’ Fed Reserve Chair Jerome Powell amid rate dispute

US president Donald Trump on Tuesday said he does not plan to remove Federal Reserve Chair Jerome Powell, even as he renewed his call for the central bank to lower interest rates. Speaking at a White House event, Trump tried to ease market concerns sparked by speculation about Powell’s future. “I have no intention of […]

Beijing has ‘sufficient reserve of policy tools’: Chinese Premier Li Qiang over Trump’s tariff war

Representative image China’s second-highest leader Li Qiang said on Tuesday that the country has the necessary tools to handle economic challenges, following widespread tariffs imposed by the United States, China’s main trading partner. “China’s macroeconomic policy this year takes full account of various uncertainties and has a sufficient reserve of policy tools,” Premier Li Qiang […]