As U.S. jobs disappear, the Federal Reserve returns to rate cuts
It’s getting harder to find work in the United States. U.S. businesses added just 22,000 jobs from July…
Bessent made same claims Trump cited to fire Lisa Cook
Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Wednesday, Aug. 13,…
The Federal Reserve wrestles with how many interest rate cuts to make and how fast
WASHINGTON (AP) — With the Federal Reserve widely expected Wednesday to reduce its key interest rate by a…
Court rejects Trump’s bid to unseat Fed governor Lisa Cook
WASHINGTON (AP) — An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor, rebuffing…
The Fed faces economic uncertainty and political pressure as it decides whether to cut rates
WASHINGTON (AP) — In a sign of how unusual this week’s Federal Reserve meeting is, the decision it…
Senate to vote on Trump Fed pick Stephen Miran before FOMC meeting
Stephen Miran, chairman of the Council of Economic Advisers and US Federal Reserve governor nominee for US President…
Wall Street rises to more records as Tesla vrooms higher
NEW YORK (AP) — Wall Street rose to more records on Monday at the start of a week…
Trump administration renews push to fire Fed governor Lisa Cook ahead of key vote
President Donald Trump’s administration renewed its request Sunday for a federal appeals court to let him fire Lisa…
Fed Governor Lisa Cook claimed 2nd residence as ‘vacation home,’ undercutting Trump fraud claims
WASHINGTON (AP) — Federal Reserve Governor Lisa Cook referred to a condominium she purchased in June 2021 as…
The number of Americans filing for jobless benefits last week hits 263,000, most in nearly 4 years
WASHINGTON (AP) — In another grim sign for the U.S. labor market, jobless claim applications jumped to their…
Average rate on a 30-year mortgage falls to lowest level in nearly a year
The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly a…
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…