The move paves the way for the Senate to confirm Kevin Warsh, the president’s nominee to head the central bank.
Federal Reserve
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Once again, Trump threatens to fire Fed Chair Jerome Powell
President Trump once again threatened to fire Federal Reserve Chair Jerome Powell and doubled down on a discredited probe of the central bank.
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Supreme Court appears wary of allowing Trump to fire Fed’s Cook in closely watched case
The administration wants the authority to fire Lisa Cook, a Fed governor. Experts say that would undermine the independence of the central bank.
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DOJ subpoenas Federal Reserve in escalating pressure campaign
The Justice Department has subpoenaed the Fed over chair Jerome Powell’s testimony over the central bank’s headquarters renovation. Powell calls it part of a pressure campaign over interest rates.
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Nearly two dozen states sue the Trump administration over funding for CFPB
The attorney generals say the Trump administration is refusing to accept funding for the Consumer Financial Protection Bureau, which could hurt consumers in their states.
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Fed’s Cook claimed second residence as ‘vacation home,’ undercutting Trump fraud claims
Fed Gov. Lisa Cook referred to a condo she bought in 2021 as a “vacation home” in a loan estimate, which could undermine claims by the Trump administration that she committed mortgage fraud.
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Home mortgage demand surges as rates drop to 6.35%
Rates saw the biggest one-week drop in a year, spurring a spike in new purchase and refinance applications.
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Fed governor Lisa Cook sues Trump over firing
Lisa Cook is challenging the president’s attempt to remove her from office based on what she says is “an unsubstantiated allegation” of mortgage fraud prior to her Senate confirmation as governor.
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Trump keeps pressuring the Fed to cut rates. Here’s why its independence matters
Trump has threatened to fire Fed Chair Jerome Powell, challenging the Fed’s independence. Experts say he’s not the first president to target the central bank, but he’s the most public and aggressive.
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Trump visits Federal Reserve and tussles with Jerome Powell in extraordinary moment
President Trump visited the Federal Reserve to inspect an ongoing renovation and disagreed with Powell about the final cost of the project in an extraordinary moment.
