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In a memo to Attorney General Pam Bondi, Fed Reserve Governor Lisa Cook called the charges against her "baseless".
The White House wants the first Black woman to serve on the Fed’s board removed before next week’s interest rate…
Cook, the first Black woman to serve on the Fed board, is pushing back against unprecedented efforts to remove her.
Federal Reserve Governor Lisa Cook, has sued the Trump administration in an effort to overturn the president’s attempt to fire…
Federal Reserve Gov. Lisa Cook vows to fight her removal, setting up a legal battle that could test presidential power.
The presidential act sets up an unprecedented legal battle and challenges the independence of the Federal Reserve.
The firing is likely to touch off a legal battle and Cook could be allowed to remain in her seat…
Trump calls on Federal Reserve governor Lisa Cook to resign after ally accuses her of mortgage fraud
The White House seeks more influence over interest rate policy as accusations emerge against the first Black woman on the…
U.S. stocks are sinking Monday as investors pull away from the United States because of the uncertainty caused by Trump's trade…
Borrowers hoping for much-lower-rate loans could be disappointed if the Fed follows through on its plan to cut its key…
The falling benchmark rate will eventually mean better rates for borrowers who face the highest credit card interest rates in…
Federal Reserve governor Philip Jefferson said Friday that inflation remains too high and there has been “little progress” made toward…
Wednesday's rate hike, part of the Fed's drive to curb high inflation, was smaller than its previous four increases.
Interest rate increases impact Black homebuyers in ways that go far beyond higher mortgage payments, including impacting future wealth
The Federal Reserve's move raised its key short-term rate to a range of 3.75% to 4%, its highest level in…
The Federal Reserve is expected to increase the cost of borrowing next month; last year this time, a 30-year rate…
Federal Reserve Chair Jerome Powell says battling inflation may cause a recession and a “soft landing” looks increasingly unlikely.
Rising consumer demand for services, such as airline tickets, hotel rooms and restaurant meals, is still helping fuel inflation.
The clearest signal that a recession is underway, economists say, would be a steady rise in job losses and a…
The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second…