White House National Economic Adviser Kevin Hassett prepares to give a live television interview at the White House in Washington, D.C., U.S., August 4, 2025. Jonathan Ernst | Reuters President Donald Trump’s top economic adviser, Kevin Hassett, said Wednesday that Federal Reserve Board of Governors member Lisa Cook should go on leave from the central…
U.S. Treasury yields were little changed on Wednesday as investors looked ahead to a raft of economic data for the week, including a key inflation reading. At 4:35 a.m. ET, the 10-year Treasury yield was less than a basis point higher to 4.259%, while the 2-year yield was also higher by less than one basis point at…
President Donald Trump sent shockwaves through global markets Monday night by saying he would fire Federal Reserve Board Governor Lisa Cook. Trump’s decision not only put investors and economists on alert, but brought attention to the complicated innerworkings of the U.S. central bank. It also marks the latest escalation of Trump’s monthslong pressure campaign against…
U.S. President Donald Trump gestures during a cabinet meeting at the White House in Washington, D.C., U.S., August 26, 2025. Jonathan Ernst | Reuters President Donald Trump said Tuesday he will soon have a “majority” of his own nominees on the Federal Reserve board of governors who will back his desire to slash interest rates….
France’s Prime Minister Francois Bayrou speaks during a press conference in Paris on August 25, 2025. Dimitar Dilkoff | Afp | Getty Images France’s minority government on Tuesday faced the prospect of collapse within weeks, after opposition parties said they would not back Prime Minister Francois Bayrou in a Sept. 8 confidence vote tied to…
US President Donald Trump during a meeting with Lee Jae Myung, South Korea’s president, not pictured, in the Oval Office of the White House in Washington, DC, US, on Monday, Aug. 25, 2025. Al Drago | Bloomberg | Getty Images U.S. President Donald Trump on Monday stateside warned of steeper tariffs on China if exports…
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. Saul Loeb | AFP | Getty Images President Donald Trump on Monday…
It was a topsy-turvy week for Wall Street, saved by a big Friday rally. The market was looking at a weekly loss at Thursday’s close. But a day later, Federal Reserve Chairman Jerome Powell came through, hinting at possible interest rate cuts ahead. His speech on Friday at the central bank’s economic symposium in Jackson…
Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022. Ting Shen | Bloomberg | Getty Images President Donald Trump said Friday he will fire Federal Reserve Governor Lisa Cook if she does not resign from her position. “What she…
Federal Reserve Chair Jerome Powell on Friday gave a tepid indication of possible interest rate cuts ahead as he noted a high level of uncertainty that is making the job difficult for monetary policymakers. In his much-anticipated speech at the Fed’s annual conclave in Jackson Hole, Wyoming, the central bank leader in prepared remarks cited…