Inflation remained stubbornly high in August as Fed weighs rate cuts
The Bureau of Labor Statistics released the August consumer price index (CPI), which showed that inflation remained above the Fed's target ahead of the central bank's rate decision.
'This ruling is not the final word:' Trump appeals order blocking him from firing Fed governor Cook
Trump has challenged a court ruling protecting Lisa Cook's Fed position as the Justice Department opens a criminal probe into mortgage application fraud.
Judge rules on fate of Lisa Cook, Fed governor in Trump's crosshairs
A federal judge on Tuesday blocked President Donald Trump from firing Federal Reserve Governor Lisa Cook, allowing her to continue in her current role for the time being.
Billionaire GOP megadonor Ken Griffin warns Trump's Federal Reserve strategy 'carries steep costs'
Despite increasing criticism of President Trump's attacks on the Fed and Jerome Powell, the White House says it's an "objective fact" that rates need to be cut for more economic growth.
White House slams 911K jobs revision, the largest on record, demands Fed rate cut
Trump officials called the Bureau of Labor Statistics "broken" after the largest downward jobs revision on record and demanded Federal Reserve rate cuts.
Senate banking committee to vote on Stephen Miran's Fed nomination Wednesday
The Senate Banking Committee votes Wednesday on Stephen Miran's nomination to the Federal Reserve Board of Governors, with full Senate consideration next.
Americans hit record low confidence in finding new jobs since tracking began in 2013
Data from the New York Federal Reserve showed Americans' confidence in finding new jobs hit a record low of 44.9% in August, the lowest since tracking began in 2013.
Homeowners’ wealth may be shrinking as price gains lag inflation
Home equity erosion occurs when inflation outpaces home price growth, reducing homeowners' wealth in inflation-adjusted terms when they borrow against their home or sell.
Hassett says he supports Federal Reserve independence amid Trump admin's rate cut push
National Economic Council Director Kevin Hassett says Federal Reserve monetary policy should remain independent from political influence, including from President Donald Trump.
The Federal Reserve quietly shapes the Powerball's $1.7B jackpot
The $1.79 billion Powerball jackpot won in Missouri and Texas reflects how Federal Reserve interest rates boost lottery annuity payouts compared to lump-sum options.
Trump's pick for the Fed board could join in time for key rate cut vote
Stephen Miran, Trump's Federal Reserve Board nominee, could be confirmed in time for the mid-September rate-setting meeting after testifying before the Senate Banking Committee.
If you bought a gold bar at Costco last year, here is what it's worth now
Gold hit a record $3,578 per ounce before declining Thursday, driven by weak jobs data and investor concerns about tariffs and Federal Reserve policy changes.
Justice Department opens criminal probe into Fed's Lisa Cook
The DOJ investigation comes as Cook sues President Donald Trump in federal court over her firing from the panel of central bankers that is tasked with charting the nation’s economic path.
Trump Fed nominee vows independence, unpaid leave from White House if Senate confirms him
President Donald Trump’s nominee to join the Federal Reserve Board of Governors insisted to lawmakers Thursday he would keep the central bank independent.
Lisa Cook’s three home loans at center of Trump fight over Federal Reserve seat
Trump appointee alleges Lisa Cook committed mortgage fraud on three 2021 property loans before her Federal Reserve nomination, prompting her lawsuit against firing.
LARRY KUDLOW: Lisa Cook has been fired
When the jobs report comes out on Friday, let's hope the BLS subtracts one government job
Nearly 600 economists back Lisa Cook and Fed independence in open letter
Federal Reserve independence faces scrutiny as Federal Reserve Governor Lisa Cook challenges Trump's authority to remove her while hundreds of economists voice support.
World leader issues warning to Trump on Fed independence
European Central Bank President Christine Lagarde warns that President Trump's threats to the Federal Reserve's independence pose serious economic risks to the U.S. and world.
Trump asks court to allow removal of Fed's Lisa Cook immediately; judge sets quick schedule
The Trump administration defended its attempt to remove Fed Governor Lisa Cook amid her lawsuit to block her firing, while the Federal Reserve asked the court for a prompt ruling.
Trump official issues second criminal referral for Federal Reserve Governor Lisa Cook
FHFA Director Bill Pulte fires off a second criminal referral letter regarding Federal Reserve System board of governors member Lisa Cook.