Senator Elizabeth Warren, the leading Democrat on the Senate Banking Committee, has sent a letter to Kevin Warsh asking him to explain any contact he may have had with the late convicted sex offender Jeffrey Epstein. Warsh was chosen by President Trump to become the next chair of the Federal Reserve
The Federal Reserve chose to keep interest rates steady for a second straight meeting, a move that left President Trump annoyed. He has repeatedly asked the Fed to cut borrowing costs, claiming high rates hurt consumers and businesses. Trump’s frustration grew as oil prices climbed amid tensions in
A federal judge recently stopped prosecutors from asking for documents tied to renovations at the U. S. Federal Reserve’s headquarters. The judge also blocked requests for testimony from Fed Chair Jerome Powell about those expenses. The judge argued there was little proof of wrongdoing but plenty of
The latest jobs report, due Wednesday, is expected to show unemployment staying at 4. 4 percent. The Fed watches this figure closely because it helps gauge the labor market’s health, especially after President Trump tightened immigration rules. Those limits cut the number of new workers who can e
The U. S. housing market is facing a tough time. Homebuilders are trying hard to attract buyers. They are offering deals like lower mortgage rates and smaller homes. But these deals are cutting into their profits. Pultegroup, a big homebuilder, just reported lower profits and sales. Their profit pe
The Federal Reserve is getting four new members this year, and they might not be too keen on cutting interest rates. These new voters could make things tricky for President Trump, who's been pushing for lower rates. The Fed's job is to keep prices stable and make sure everyone has a job, but that's
The Supreme Court is in a tough spot. They have to decide if President Trump can fire Federal Reserve Governor Lisa Cook right away. But they seem hesitant. They might not give a clear answer on whether Trump has a good reason to remove her or if he even has the power to do so. Instead, the justice
President Donald Trump hinted that he might have already picked someone to lead the Federal Reserve. He mentioned that he had three candidates initially, but now it's down to one or two. Trump also said he liked the idea of keeping Kevin Hassett, his economic advisor, in his current role. He praised
The Supreme Court is currently deliberating a significant case that could redefine the boundaries of presidential power over the Federal Reserve. At the heart of the matter is President Trump's attempt to remove Lisa Cook, a governor at the central bank, based on allegations of mortgage fraud that o
Jerome Powell, the Federal Reserve's leader, faces a tricky situation. He's considering attending a Supreme Court hearing about whether President Trump can dismiss Lisa Cook, a Fed governor. However, not everyone agrees that this is a wise move. Scott Bessent, a prominent figure in finance, advises
