federalreserve

#Trump demanded on Wednesday that a #FederalReserve governor, #LisaCook, “resign, now!!!,” citing unconfirmed allegations that she *may* have engaged in mortgage fraud. It is the latest sign that the admin is ramping up its campaign to remake the #independent #CentralBank. Trump has pressured the bank to lower #InterestRates, which it has kept steady out of concern that his policies could cause #inflation.

#economy #law #tariffs #trade #immigration #labor #recession
https://www.nytimes.com/2025/08/20/us/politics/trump-fed-resign-lisa-cook-governor.html?smid=url-share

NEW: Trump has targeted political foes — including Federal Reserve governor Lisa Cook — for claiming more than one primary residence on their loan papers.

But ProPublica found that at least three of the president’s Cabinet members have done the same thing.

#news #trump #FederalReserve #LisaCook #Government #Politics

https://www.propublica.org/article/trump-cabinet-mortgage-fraud?utm_source=mastodon&utm_medium=social&utm_campaign=propublica-mastodon-post&utm_content=9-04

#FederalReserve Chair #JeromePowell is speaking

Says #Trump #tariffs were far higher than expected & that larger than expected tariffs mean higher #inflation, slower growth.

"We face a highly uncertain outlook with elevated risks of both higher #unemployment & higher inflation," undermining both of the #Fed's mandates of 2% inflation & maximum employment, Powell said in prepared remarks for a business journalists' conference.

#ETTTTS #economy #recession #geopolitics #USpol

The calm in the #markets has been unnerving.

You might think the world has been enjoying a season so tranquil that the #stock, #bond & #currency markets have fallen asleep.

Yet the world has been anything but peaceful lately, whether in the #UnitedStates, #Ukraine or the #PersianGulf. And the #FederalReserve gave the markets another reason for concern on Wednesday when it held #InterestRates steady.

#economy #inflation #stagnation #tariffs #employment #immigration #war
https://www.nytimes.com/2025/06/20/business/stock-bond-market-investing-israel-iran-gulf.html?smid=nytcore-ios-share&referringSource=articleShare

#Trump makes no secret of his displeasure over the cost of renovating the #FederalReserve headquarters — around $2.5 billion, or even higher by Trump’s *accounting*.

But getting the White House to discuss another of Washington’s expensive renovation projects, the cost of refurbishing a “free” #AirForceOne from #Qatar, is quite another matter.

Officially, & conveniently, the price tag has been classified.

#hypocrisy
https://www.nytimes.com/2025/07/27/us/politics/air-force-one-trump-cost.html?smid=nytcore-ios-share&referringSource=articleShare