By Daniel Wiessner and Jan Wolfe (Reuters) – A U.S. appeals court declined on Monday to allow Donald Trump to fire Federal Reserve Governor Lisa Cook – the first time a president has pursued such action since the central bank’s founding in 1913 – in the latest step in a legal battle that threatens the…
By Daniel Wiessner (Reuters) -A federal judge on Friday will consider whether to block President Donald Trump temporarily from firing Federal Reserve Governor Lisa Cook while she pursues a lawsuit claiming Trump has no valid reason to remove her. The hearing scheduled for 10 a.m. EDT (1400 GMT) before U.S. District Judge Jia Cobb in…
Federal Reserve Chairman Jerome Powell signaled that the central bank might lower interest rates soon, which could reduce monthly credit card payments and facilitate borrowing for cars and homes, but he warned of economic challenges ahead.”In the near term, risks to inflation are tilted to the upside and risks to employment, to the downside. A…