Federal Reserve – One America News Network

BofA expects Fed to deliver two cuts this year after soft jobs report

BofA Global Research on Friday forecast the U.S. Federal Reserve to deliver two 25 basis point cuts, in September and December, after a soft jobs report.

Lisa Cook, member of the Board of Governors of the US Federal Reserve, attends a Federal Reserve Board open meeting discussing proposed revisions to the board's supplementary leverage ratio standards at the Federal Reserve Board building in Washington, DC, on June 25, 2025. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

Fed. Reserve Board of Governors member Lisa Cook to sue over GOP admin’s firing: ‘I will not resign’

Federal Reserve Board of Governors member Lisa Cook is reportedly filing a lawsuit challenging her firing, which was ordered by President Donald Trump following allegations that she committed mortgage fraud.

Attorney General of New York Letitia James departs the funeral service for slain NYPD officer Didarul Islam in the Bronx borough of New York City on July 31, 2025. Islam was one of four people killed when a shooter opened fire in a New York skyscraper before committing suicide on July 28. (Photo by CHARLY TRIBALLEAU / AFP) (Photo by CHARLY TRIBALLEAU/AFP via Getty Images)

Trump responds after allegations surface suggesting Letitia James overlooked $9.6B in sanctions violations

President Donald Trump publicly condemned New York Democrat Attorney General Letitia James, labeling her a “disgrace” in response to allegations that she failed to act on evidence suggesting $9.6 billion in sanctions violations.

(L) WASHINGTON, DC - AUGUST 13: U.S. President Donald Trump speaks during an event at the Kennedy Center on August 13, 2025 in Washington, DC. Trump announced country music artist George Strait, actor Michael Crawford, actor Sylvester Stallone, singer Gloria Gaynor and members of the rock band Kiss as the first nominees of the annual Kennedy Center Honors since taking control of the center’s board earlier this year. (Photo by Andrew Harnik/Getty Images) / (R-top) David Zervos. (Photo via: cnbcevents.com) / (R-middle) Larry Lindsey. (Photo via: cnbc.com) / (R-bottom) Rick Rieder. (Photo via: blackrock.com)

Trump admin now weighing 11 possible picks for Fed Chair position, officials say

The Trump administration is now weighing 11 potential successors to Federal Reserve Chair Jerome Powell, whose term ends in May, including three contenders not previously disclosed — according to two administration officials who spoke on condition of anonymity.

WASHINGTON, DC - JULY 24: U.S. President Donald Trump and Federal Reserve Chair Jerome Powell look at a piece of paper alongside Sen. Tim Scott (R-SC) as they tour the Federal Reserve’s $2.5 billion headquarters renovation project on July 24, 2025 in Washington, DC. The Trump administration has been critical of the cost of the renovation and Federal Reserve Chairman Jerome Powell. (Photo by Chip Somodevilla/Getty Images)

Trump threatens ‘major lawsuit’ against Powell over ballooning Fed building renovation costs

President Donald Trump threatened to file a “major lawsuit” against Federal Reserve Chair Jerome Powell, alleging “grossly incompetent” management of the Federal Reserve’s building construction projects.

US Secretary of Treasury Scott Bessent (C) attends the Military Family Picnic on the South Lawn of the White House in Washington, DC on July 4, 2025. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)

Treasury Secy. Bessent expands search for next Fed Chair

U.S. Treasury Secretary Scott Bessent has disclosed that he is evaluating a shortlist of three candidates to assume the role of Federal Reserve chair when the position becomes vacant next year.