The Supreme Court on Wednesday postponed a decision on whether President Donald Trump can immediately remove Federal Reserve board member Lisa Cook, instead agreeing to hear oral arguments in the case early next year.
Read More SCOTUS postpones decision on whether Trump admin can remove Fed. Reserve member Lisa Cook, agreeing to hear oral arguments next year
President Donald Trump has appointed economist Stephen Miran to serve on the Federal Reserve Board of Governors.
Read More Trump appoints Stephen Miran to serve on Fed. Reserve Board following Kugler resignation
President Donald Trump was critical of Federal Reserve Chair Jerome Powell on Thursday, further intensifying his feud by posting a statement on social media saying, “Powell’s termination cannot come fast enough!”
Read More Trump Criticizes Fed Chair Jerome Powell, Says His ‘Termination Cannot Come Fast Enough’
Wall Street’s main indexes rose on Wednesday ahead of the Federal Reserve’s widely anticipated monetary policy decision.
Read More Wall Street gains with all eyes on Fed rate decision
U.S. inflation cooled more than expected in February, with price growth remaining well above the Federal Reserve’s goal ahead of the central bank’s policy meeting next week.
Read More U.S. Inflation Cools To 2.8% In February, Beating Expectations
Consumer spending unexpectedly fell in January while the annual increase in inflation slowed, supporting financial market expectations that the Federal Reserve would resume cutting interest rates in June.
Read More US consumer spending declines; annual inflation subsides