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central bank

Justice Department probes mortgage fraud claims against Lisa Cook of Federal Reserve, AP source says
Sep 11, 2025

Trump administration requests emergency ruling to remove Cook from Fed board

WASHINGTON (AP) — The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve‘s board of governors by Monday, before the central bank‘s next vote on interest rates. The request represents an extraordinary effort by the White House to shape the board before the Fed’s interest rate-setting committee meets next Tuesday and […]

Trump says he’s firing Fed Governor Lisa Cook, opening new front in fight for central bank control
Aug 26, 2025

Trump says he’s firing Fed Governor Lisa Cook, opening new front in fight for central bank control

Trump moved to oust Fed Governor Lisa Cook, citing fraud claims. Cook rejected the move, saying the president has no authority to remove her.

Will the tariffs lead to a recession? Here’s how to know if we’re in one
Jun 23, 2025

Federal Reserve’s Bowman says rate cut should be on table in July

WASHINGTON (AP) — Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed officials as they endure sharp criticism from the White House. Bowman said that President Donald Trump‘s tariffs have so far not caused the jump in inflation that […]

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