A federal appeals court has ruled that Lisa Cook will retain her position as a Federal Reserve governor, rebuffing attempts by the Trump administration to remove her from office. This decision comes on the eve of a crucial vote on interest rates by the Federal Reserve's policy-making committee. The White House is expected to appeal this ruling to the Supreme Court in what … [Read more...] about In an Unprecedented Clash, Court Rejects Trump’s Bid to Fire Fed Governor Cook
Federal Reserve
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
Donald Trump Touts Economic Comeback, Turns Up Heat on Feds to Cut Rates
The American economy is bouncing around like a frog on a hot plate, and the powers that be are squabbling over how to keep it from jumping clean off. Our nation's economic engine just revved up to 3% growth, faster than a prairie fire with a tailwind. President Trump's crowing about it louder than a rooster at dawn, demanding the Federal Reserve clip interest rates like it's … [Read more...] about Donald Trump Touts Economic Comeback, Turns Up Heat on Feds to Cut Rates
Trump Renews Call for Fed’s Powell to Step Down Now
President Donald Trump has once again called for the resignation of Federal Reserve Chairman Jerome Powell, escalating his criticism of the central bank's monetary policy. According to reliable sources, Trump posted on his social media platform, Truth Social, demanding Powell's immediate resignation. The President linked his comments to a Bloomberg report suggesting a … [Read more...] about Trump Renews Call for Fed’s Powell to Step Down Now
Hiring Slumps: U.S. Adds 151K Jobs as Unemployment Climbs to 4.1%
U.S. employers created a solid 151,000 new jobs in the last month. However, the outlook remains cloudy as Donald Trump threatens a global trade war and purges federal employees. The Labor Department announced Friday an increase in hiring from the revised figure of 125,000 for January. The rate of unemployment rose to 4.1%. The job market has remained resilient despite the … [Read more...] about Hiring Slumps: U.S. Adds 151K Jobs as Unemployment Climbs to 4.1%