Judge grapples with Trump's attempt to remove Lisa Cook as Fed governor
President Trump announced earlier this week that he would be removing Lisa Cook as a member of the Federal Reserve Board of Governors.
Federal Reserve Board
Trump's "unprecedented" firing of Fed Governor Lisa Cook raises untested questions
Fed Governor Lisa Cook filed a lawsuit challenging what her suit said is President Trump's "unprecedented and illegal attempt to remove" her.
Legal battle over Fed governor firing
President Trump met with Cabinet members for three hours Tuesday in front of cameras and reporters. He spoke about his decision to try to fire Fed Governor Lisa Cook, who's now fighting back in court. CBS News' Ed O'Keefe reports.
Trump's move to fire Lisa Cook could give him leverage over Fed board
Removing a top Fed official threatens to shake investor confidence in the central bank's long-standing independence, according to Wall Street observers.
Trump moves to fire Fed's Lisa Cook as she vows to sue
President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors. Her attorney countered that they plan to file a lawsuit challenging the move.
Trump clashes with Fed board member Lisa Cook
A standoff is brewing between President Trump and economist Lisa Cook. Mr. Trump tried to fire her, claiming "there is sufficient cause" to believe that Cook made false statements on one or more mortgage agreements. Cook fired back that "President Trump has no authority to remove her" from the independent Federal Reserve and vowed to file suit. Nancy Cordes reports.
Lisa Cook to Trump: "I will not resign"
An epic legal fight is brewing between President Trump and the Federal Reserve after he moved to fire board governor Lisa Cook. CBS News White House reporter Aaron Navarro has the latest. Then, Abha Bhattarai, economics correspondent for The Washington Post, and Tom Dupree, former deputy assistant attorney general, join with analysis.
Trump says he's fired Fed Governor
President Trump announced the removal of Federal Reserve Governor Lisa Cook, the only Black woman to serve on the board. Critics call it an attack on the Fed's independence, while Cook says no legal cause exists for her firing.
Stock futures tilt up ahead of Fed chief Jerome Powell's Jackson Hole speech
Investors will be closely eyeing Powell's speech in Jackson Hole on Friday to see if the Fed chair hints at a potential rate cut at the central bank's next meeting.
Federal Reserve governor to step down from role early
Adriana Kugler will resign from her role as a Federal Reserve governor — opening up a vacancy on the board as President Trump pressures the Fed to slash interest rates.
Powell disagrees with Trump about cost of changes to Fed construction
President Trump visited the Federal Reserve's headquarters in Washington, keeping up the intense pressure he's been putting on Fed chair Jerome Powell.
What does the Federal Reserve do, and why is Trump unhappy with chair Powell?
President Trump floated the idea of firing Jerome Powell — whom he first appointed Federal Reserve chair — earlier this week, after years of on-and-off criticism over interest rates.
Hiring surged in June, shrugging off economic worries
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
The Fed is making a rate decision today. Here's what to expect.
The Federal Reserve Board will announce its next rate decision today, June 18, at 2 p.m. EST.
Interest rate cuts impact stock prices
The Federal Reserve Board's announcement to cut interest rates has made stocks surge for now and mortgage rates slightly drop. CBS News senior business and technology correspondent Jo Ling Kent looks at the data.
Consumers saying "enough's enough" is helping to tame inflation
The great inflation spike of the past three years is nearly spent - and economists credit American consumers themselves for helping to slay it.
Fed chair defends holding off on rate cuts
The Federal Reserve said Wednesday it is leaving its benchmark interest rate unchanged. The announcement means policymakers will hold the federal funds rate between 5.25 and 5.50%, the highest level in 23 years. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to examine the decision.
Rents are cooling off, bolstering Fed's case for cutting rates
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
Labor market resilient despite inflation concerns
The latest jobs report showed that the U.S. added 272,000 jobs last month, significantly higher than forecasters had expected. Michael George has more.
What to know ahead of the Fed's announcement
The Federal Reserve will announce its decision on interest rates Wednesday as the U.S. continues to combat inflation. CBS News senior business and technology correspondent Jo Ling Kent breaks down what to know before the announcement.
Inflation didn't drop as expected
Although the rate of inflation still appears to be declining, in January it did not cool as targeted. Heather Boushey, a member of President Biden's Council of Economic Advisers, joins CBS News with the administration's reaction to the fresh data.
Federal Reserve Chair Jerome Powell discusses interest rate cut timeline
In a rare interview, Federal Reserve Chair Jerome Powell signaled the U.S. is nearing a long-awaited shift toward cutting interest rates. He shared more on timing and what he's waiting for.
Fed Chair Jerome Powell shares why Fed hasn't yet cut interest rates
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country's banks and more. Scott Pelley reports.
Fed leaves interest rates unchanged
The Federal Reserve will hold its benchmark interest rate steady. CBS News business analyst Jill Schlesinger and J.D. Durkin, a CBS News contributor and host of the financial news website TheStreet, look at the implications.
What the Fed's rate decision this week could mean for mortgage rates
With mortgage rates topping 8%, some home buyers are hoping to see some relief with the Federal Reserve's next decision.
Trump promised to lower prices for Americans. Here's what the data shows.
Hurricane Isaias becomes Category 3 storm as it threatens northern Gulf Coast
Trump announces Russia will release millions of tons of diesel to help with costs
Pentagon's plan to livestream execution sparks intense backlash
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