Fed, Lisa Cook and Trump administration
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Trump, Federal Reserve
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Fed policymakers expected to cut benchmark interest rate by 25 basis points amid labor market weakness and inflation rising further above the central bank's 2% target.
5hon MSN
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The survey found that 41% of respondents surveyed believe that the president's actions are directly aimed at eliminating the Fed's independence, with 41% saying they are designed to limit them.
Stephen Miran doesn’t intend to resign from his White House role while serving at the Fed. GOP senators confirmed him anyway.
The Federal Reserve is expected to cut its key interest rate Wednesday, but it could be a fraction of the reduction President Donald Trump has demanded.
Stephen Miran and Lisa Cook will both cast votes at the central bank’s meeting on Wednesday, where policymakers are expected to lower interest rates.
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President Donald Trump’s aggressive steps to reshape the Fed could play out dramatically at this week’s regularly-scheduled Fed policy meeting.