#federal-reserve
Mortgage rates hit 7.4 percent for first time since November 2023
Mortgage rates increased again this week, with the average 30-year rate hitting 7.4 percent for the first time since November 2023, Freddie Mac reported Thursday. The average 30-year mortgage rate …...
The Fed just threw a wrench in Trump's midterm economic message
Kevin Warsh's first rate hike as Fed chair defies President Donald Trump's repeated push for lower borrowing costs ahead of midterm elections.
Warren grills Fed chair over colleague’s private dinner with Wall Street bankers
Sen. Elizabeth Warren (D-Mass.) pressed new Federal Reserve Chair Kevin Warsh on Wednesday over his handling of an investigation into a top Fed official’s private dinner with Wall Street bank…...
Liberal Justice Makes Dire Prediction about Trump Ruling
Justice Sonia Sotomayor said her colleagues left the president “with far greater power than ever before.”...
Liberal Justice Makes Dire Prediction about Trump Ruling
Supreme Court rejects Trump's attempt to fire Fed's Lisa Cook as legal battle continues
The Supreme Court allowed Lisa Cook to continue in her post as a member of the Federal Reserve Board of Governors while legal proceedings over President Trump's attempt to fire her continue.
Inflation hits 4.1 percent in May: 5 takeaways
Federal inflation data released Thursday showed prices rising at the fastest annual rate in three years, posing serious challenges for President Trump and policymakers. The Federal Reserve’s prefer…...
Kevin Warsh set to lead his first Federal Reserve interest rate meeting. Here's what to expect.
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
Fed unlikely to cut interest rates until second half of 2027, Bank of America says
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
Federal Reserve Chair Nominee Kevin Warsh Advances To Full Senate Vote
The Senate Banking vote is the first of two key events surrounding the future of the Fed’s leadership.
Trump Says He Won’t Remove Fed Chair Powell, Says Good Parts Of Economy Are His Doing
Donald Trump said he will not remove Jerome Powell as Federal Reserve Board chairman before his term ends in May 2026.
Bessent summons bank executives over Anthropic cyber risk
Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell brought together a group of bank executives this week to discuss cybersecurity concerns in the wake of Anthropic’s new Mytho…...
DOJ investigation into Powell could backfire on Trump and keep Fed chair in office
President Donald Trump has for months wanted to remove Jerome Powell as chair of the Federal Reserve.