President Donald Trump’s goal of appointing a majority of the Federal Reserve’s board of governors faced a setback Tuesday when a court blocked his unprecedented attempt to fire Lisa Cook.
A Senate committee is approving the nomination of White House economic adviser Stephen Miran to the Fed’s board of governors, setting up a likely approval by the full Senate, which would make Miran the third Trump appointee to the seven-member board.
A case that could provide the Trump administration with new and expansive power over the traditionally independent Federal Reserve got its first court hearing Friday.
Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House’s demands.
President Donald Trump has nominated a top economic adviser to the Federal Reserve’s board of governors for four months, temporarily filling a vacancy while continuing his search for a longer-term appointment.
Federal Reserve governor Adriana Kugler announced that she will step down next Friday, opening up a spot on the central bank’s powerful board that President Donald Trump will be able to fill.
Federal Reserve Chair Jerome Powell says Americans’ bank accounts are safe despite the Trump administration’s shutdown of a consumer financial regulatory agency.
The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change.
A Federal Reserve official says he supports reducing the central bank’s key interest rate somewhat from its current level.
Federal Reserve Chair Jerome Powell swore in three members of the central bank’s governing board Wednesday, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank’s first Latina governor.
President Joe Biden’s three nominees for the Federal Reserve’s Board of Governors pledged to fight inflation during a confirmation hearing that drew only modest pushback from Republican members of the Senate Banking Committee.
President Joe Biden has nominated Philip Jefferson, a member of the Federal Reserve’s Board of Governors, to serve as vice chair of the board.
