WASHINGTON (AP) — President Donald Trump fired Federal Reserve Governor Lisa Cook late Monday, a surprise move constituting a sharp escalation in his battle to exert greater control over what has long ...
Treasury Secretary Scott Bessent, who is leading the search for the next Federal Reserve chair, could face President Trump’s wrath if the person chosen does not quickly lower interest rates.
U.S. Treasury Secretary Scott Bessent said on Tuesday the Federal Reserve's system of managing interest rates is struggling ...
Diccon Hyatt is an experienced financial and economics reporter who has covered the pandemic-era economy in hundreds of stories over the past two years. He's written hundreds of stories breaking down ...