The Senate has approved one of President Donald Trump’s top economic advisers for a seat on the Federal Reserve’s governing board, giving the White House greater influence over the central bank just two days before it is expected to vote in favor of reducing its key interest rate.
The U.S. State Department says Secretary of State Marco Rubio will head to Qatar after meeting with Prime Minister Benjamin Netanyahu in Israel.
The Federal Reserve is facing economic uncertainty and political pressure as it meets this week to decide whether to cut interest rates.
Federal Reserve Governor Lisa Cook is asking a U.S. appeals court to reject the Trump administration's latest attempt to remove her from her post.
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.
Stephen Miran, President Donald Trump’s pick to join the Federal Reserve Board, says he'd remain a White House employee even if the Senate confirms him to fill an unexpired term at the central bank.
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.
In the past week, President Donald Trump has managed to make his erratic trade policies even more baffling to countries desperate to negotiate an escape from his wrath.
The United States is stepping up pressure on trading partners to quickly make new deals before a Wednesday deadline when a tariff pause by President Donald Trump expires.
President Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax breaks package.
The White House is sending mixed messages on tariffs as it pursues conflicting goals, frustrating foreign leaders and business executives who are desperate for clarity on a generational overhaul of international trade.
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.
Donald Trump is suggesting that his new administration could try to regain control of the Panama Canal.
