Fed

Trump Moves to Fire a Fed Governor over Mortgage Fraud Claims

US President Donald Trump expanded pressure on the Federal Reserve on Monday by moving to fire Governor Lisa Cook "effective immediately", a step the independent central bank official said he had "no authority" to take. Trump's decision against the first Black woman to serve on the central bank's board cited ...

Trump, Fed Chief Powell Bicker During Tense Central Bank Visit

Donald Trump and US Federal Reserve chairman Jerome Powell appeared together for a tense meeting Thursday as the president toured the central bank after ramping up his attacks on its management of the economy. Trump -- who wants to oust Powell for refusing to lower interest rates but likely lacks the legal authority to do so -- has threatened to ...