SCOTUS will review Trump’s effort to fire Lisa Cook from the Fed’s board of governors, a high-stakes court clash that could have major economic impacts.
Tag: Jerome Powell
Supreme Court prepares for major test of presidential power in Trump efforts to fire Federal Reserve governor
Supreme Court to decide if Trump can fire Federal Reserve governor Lisa Cook, testing presidential authority over independent agencies in constitutional case.
Trump accuses Tim Walz and Ilhan Omar of using ICE protests to distract from massive state fraud
President Donald Trump targeted Minnesota Democrats on over ICE operations, alleging they are distracting from state fraud issues and investigations.
Federal Reserve Chair Jerome Powell under investigation over headquarters renovation: report
The US attorney’s office for the District of Columbia has opened a criminal investigation into Federal Reserve Chair Jerome Powell, according to a report.
Jerome Powell Claims Trump Admin Launched Probe To Threaten Him Over Interest Rates
Federal Reserve Chairman Jerome Powell announced on Friday that he was under investigation, and claimed that President Donald Trump’s administration was using the threat of Read More
Bessent: Trump Admin Targeting ‘Three I’s’ To Restore Affordability
Treasury Secretary Scott Bessent said on Sunday that the Trump administration’s economic strategy is centered on fixing “the three I’s: immigration, interest rates, and inflation,” Read More
One Year, Two Jobs Reports: How Trump And Biden Drove Job Growth In Very Different Ways
A year apart, President Donald Trump and former President Joe Biden both touted September job growth — but the source of that growth couldn’t be Read More
It’s Report Card Day for Meta, Microsoft, And Google. Is The AI Bubble Real?
The latest earnings reports from America’s top tech companies reveal that Silicon Valley is going all-in on artificial intelligence, sometimes in spite of users’ concerns. Read More
The Fed Rate Now Sits At Its Lowest Level Since 2022
The Federal Reserve on Wednesday cut the interest rate by 0.25% for the second time this year. The current interest rate is now in the Read More
White House says government shutdown could eliminate next inflation report despite optimistic numbers
U.S. inflation hits 3% in September, beating economist expectations and sending Wall Street to record highs as investors anticipate Federal Reserve rate cuts.