News

Fed Governor Steps Down Early, Giving Trump Opportunity to Shape Central Bank
The resignation comes as President Trump has openly pressured the central bank to lower interest rates and called for Jerome ...
Banking Dive1d
Dive Deposits: The Fed may have out-Fridayed itself
Fed Gov. Adriana Kugler’s resignation may have overshadowed two dissents on the interest rate. But a single opening at the ...
Federal Reserve gov’s exit could accelerate Trump’s selection of next chair
Adriana Kugler’s exit unfolds amid unprecedented public pressure from the White House on the central bank over monetary ...
See How Often Fed Governors Have Broken Ranks
Two top Fed officials voted against the central bank’s decision to leave rates unchanged, the first dual dissent in more than ...
Investors React to Kugler's Resignation, Firing of BLS Commissioner
Separately, U.S President Donald Trump ordered that the commissioner of the U.S. Bureau of Labor Statistics, Erika L.
Dollar holds firm, investors await Trump's Fed governor decisions
The dollar stuck to its recent trading range on Wednesday, with investors choosing to stay on the sidelines after another ...
Fed Keeps Rates Steady Despite Internal Divisions and Political Pressure
The central bank kept interest rates steady for a fifth straight meeting, despite badgering from President Trump. It has ...
Trump Just Got a Fresh Shot at Bending the Fed to His Will
The early departure of Biden appointee Adriana Kugler offers the president potential help on interest rates—and a new way to ...