The Fed wields extensive power over the US economy. By cutting the short-term interest rate it controls — which it typically does when the economy falters — the Fed can make borrowing cheaper and ...

Wall Street indexes slump overnight as investors await a key inflation report that could determine the pace and scale of rate ...

Fed Chair Jerome Powell stated at the Jackson Hole symposium that the US central bank could consider a rate cut at its next ...

The president ordered the removal of Lisa Cook from the Fed board over claims she engaged in mortgage fraud, escalating his ...

President Donald Trump has fired Federal Reserve Governor Lisa Cook, a sharp escalation in his battle to exert greater ...

Markets have so far shrugged off Donald Trump’s assaults on America’s great institutions. But his fresh attack on the Federal ...

By Michael S. Derby and Howard Schneider NEW YORK/WASHINGTON (Reuters) -U.S. President Donald Trump on Monday said he was ...

President Donald Trump says he's firing Federal Reserve Governor Lisa Cook, a sharp escalation in his battle to exert greater ...

President Donald Trump said on Monday night that he had fired Federal Reserve governor Lisa Cook, less than a week after his administration accused her of mortgage fraud.

US President Donald Trump moved to fire Federal Reserve Governor Lisa Cook "effective immediately" on Monday, citing ...

US President Donald Trump on Monday (Aug 25) said he was firing Federal Reserve Governor Lisa Cook over alleged improprieties ...

President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors — a dramatic move after ...