The Fed and the US economy
Ongoing coverage of Fed rate decisions, what Fed officials say, the fight over Fed independence, and US jobs, inflation and Treasury yield data, updated daily.
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Federal Reserve
Administration
What they said
What the key figures said on the record, as reported.
Donald Trump43
Kevin Warsh38
Scott Bessent9
Kevin Hassett9
Lisa Cook5
Christopher Waller4
Neel Kashkari4Beth Hammack4
Austan Goolsbee3
Michelle Bowman2
Fed’s Cook Denies Wrongdoing as Trump Renews Bid to Fire HerFederal Reserve Governor Lisa Cook again rejected unsubstantiated mortgage fraud allegations repeated by President Donald Trump. Trump is weighing a renewed effort to remove her, a move that could restart a legal fight over the central bank’s independence.
B
Bloomberg News
Federal Reserve Governor Lisa Cook denounces Trump’s mortgage fraud claimsFederal Reserve Governor Lisa Cook says the Trump administration has no legal basis to remove her. Her lawyers reject Trump’s mortgage fraud allegations, arguing that an inadvertent error is not fraud and that the attacks seek to force the central bank to follow his wishes. The Supreme Court previously blocked presidents from firing Fed governors at will.
A
Al Jazeera
Fed’s Cook says she is ready to raise rates if inflation does not easeFederal Reserve Governor Lisa Cook said she is open to raising the central bank’s short-term interest-rate target if inflation in the U.S. economy remains too high. She indicated that a failure for price pressures to begin easing could require additional monetary tightening. Cook’s comments leave a rate increase under consideration as the Fed responds to persistent inflation.
R
Reuters
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November 20266 related reports
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Bloomberg Television