Stephen Miran, a prominent economic adviser to the White House, has passed an important hurdle towards becoming a Federal Reserve governor. The U.S. Senate Banking Committee endorsed Miran's candidacy in a vote on Wednesday. This development brings President Donald Trump's effort to exert more direct control over the Federal Reserve's policy and its more expansive role a step … [Read more...] about Senate Panel Backs Miran, Paving Way for New Fed Leadership
Fed
Showdown at the Fed: Governor Cook Sues Trump Over Firing Attempt
Federal Reserve Governor Lisa Cook has filed a lawsuit against President Donald Trump, challenging his authority to remove her from office. This legal action stems from the President's announcement on August 25th that he would fire Cook, citing allegations of mortgage fraud from 2021, before her appointment to the Fed. The lawsuit contends that President Trump's action … [Read more...] about Showdown at the Fed: Governor Cook Sues Trump Over Firing Attempt
Trump Orders Fed Board to Overrule ‘Stubborn MORON’ Powell on Rates, Demands Action Now
The story unfolding in Washington is as old as the Republic itself: the clash between political ambition and economic stewardship. At the heart of this dust-up is a tale that would make even the most seasoned cowhand sit up and take notice. President Trump, never one to shy away from a fight, has set his sights on Jerome Powell, the man he once tapped to lead the Federal … [Read more...] about Trump Orders Fed Board to Overrule ‘Stubborn MORON’ Powell on Rates, Demands Action Now
Trump Blames Fed Chief for ‘Strangling’ the American Dream
Former President Donald Trump on Friday publicly criticized the Federal Reserve and its chairman, Jerome Powell, accusing them of 'choking out the housing market' with high interest rates, thus posing challenges for Americans, particularly young adults, to procure homes. The remarks were delivered through a post on Trump's preferred social media platform, Truth Social. In … [Read more...] about Trump Blames Fed Chief for ‘Strangling’ the American Dream
Trump: ‘No Plans’ to Remove Fed Chair Powell Before 2026 Term Ends
Donald Trump has said that he won't remove Jerome Powell from his position as Federal Reserve Board chairman before the end of Powell's term in May 2026. He also called Powell "a total stiff", and repeated calls for the Fed interest rate to be lowered. In an interview on "Meet the Press With Kristen Welker", which aired on NBC News on Sunday, Trump stated that Powell wasn't … [Read more...] about Trump: ‘No Plans’ to Remove Fed Chair Powell Before 2026 Term Ends