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1 min read

Trump’s Fed pick vows rate independence at Senate hearing

Trump’s pick to lead the Federal Reserve is set to tell senators he will keep interest rates independent. That promise matters because the Fed’s decisions shape borrowing costs,...

Why it matters: Trump’s pick to lead the Federal Reserve is set to tell senators he will keep interest rates independent. That promise matters because the Fed’s decisions shape borrowing costs,...

2 min read

Trump Threatens to Fire Fed Chair Jerome Powell if He Won’t Quit

President Donald Trump has warned that he will dismiss Federal Reserve Chair Jerome Powell if Powell does not step down at the end of his term next month. The threat matters bec...

Why it matters: President Donald Trump has warned that he will dismiss Federal Reserve Chair Jerome Powell if Powell does not step down at the end of his term next month. The threat matters bec...

1 min read

Fed's Cook Says Inflation More of a Risk Now Due to Iran War

Federal Reserve Governor Lisa Cook says the Iran war has made inflation a bigger risk for the U.S. economy. That matters because the Fed may now stay tougher on interest rates,...

Why it matters: Federal Reserve Governor Lisa Cook says the Iran war has made inflation a bigger risk for the U.S. economy. That matters because the Fed may now stay tougher on interest rates,...

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