the Federal Reserve Cut Interest Rates
Digest more
The evolution of America’s central banking system traces back to Alexander Hamilton’s inspiration for the First Bank of the United States.
Johns Hopkins political scientist Nicolas Jabko explains how prevailing political forces threaten to disrupt the nation's money supply and the global economy
President Donald Trump's attempt to fire a member of the Federal Reserve's governing board has raised alarms among economists and legal experts who see it as the biggest threat to the central bank's independence in decades.
In recent weeks, Trump has moved to fire one member of the Fed's board of governors and secure Senate confirmation for another. Both officials are on track to be among the 12 policymakers who will cast votes on the interest-rate decision, though their status remained uncertain days before the Fed meeting.
NPR's Ayesha Rascoe talks to University of Michigan economist Justin Wolfers about the Federal Reserve meeting this week and what the expected interest rate cut could mean for the economy.
The Trump administration is expected to quickly turn to the Supreme Court in a last-ditch bid to unseat Cook before the Fed meets.