Federal Reserve cuts key rate as government shutdown clouds economic outlook
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated.
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US inflation stays elevated but prices rose less than feared last month
U.S. inflation remained elevated last month as gas prices jumped while the cost of rents cooled.
Lack of jobs data due to government shutdown muddies view of hiring and the US economy
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around...
Federal shutdowns usually don’t do much economic damage. But there are reasons to worry about this one.
For now, financial markets are shrugging off the impasse as just the latest failure of Republicans and Democrats to agree on a budget.
Appeals court rejects Trump’s bid to unseat Federal Reserve governor Lisa Cook ahead of rate vote
An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts to remove her just ahead of a key vote on interest...
Rising inflation and a deteriorating job market puts the Fed and Americans in a difficult spot
Inflation rose last month as the price of gas, groceries, and airfares jumped, while a measure of layoffs also increased.
Trump administration requests emergency ruling to remove Lisa Cook from Federal Reserve board
The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates.
How the Fed losing its independence could affect Americans’ everyday lives
President Donald Trump’s attempt to fire a member of the Federal Reserve’s governing board has raised alarms among economists and legal experts who see it as the biggest threat to...
Fed official sues President Trump over attempt to fire her, challenging his power over the independent agency
Federal Reserve Governor Lisa Cook is suing the Trump administration in an effort to overturn the president’s attempt to fire her.
Embattled Fed Gov. Lisa Cook says she’ll sue Trump to keep her job
Federal Reserve Gov. Lisa Cook will sue President Donald Trump's administration to try to prevent him from firing her, her lawyer said Tuesday.