Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.

Federal Reserve Financial Services (FRFS) will increase the FedNow Service network transaction limit from $1 million to $10 million in response to growing commercial demand, effective November 2025.

It’s easy enough to decry Donald Trump’s attempted takeover of the Federal Reserve as yet another swerve toward authoritarianism. He is breaking with decades of precedent and allegedly the law to ...

Federal Reserve nominee Stephen Miran, a senior White House economic adviser, told Senate lawmakers Thursday that he does not plan to resign from the Trump administration if confirmed to the Federal ...

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Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. Back in May, when the Supreme Court ...

President Donald Trump’s attempt to remove Lisa Cook as a governor of the Federal Reserve is a brazen escalation of the administration’s long-running pressure campaign on the central bank. It is also ...

Back in May, when a divided Supreme Court gave President Donald Trump the power to fire members of certain labor boards without cause, the Republican-appointed majority went out of its way to signal ...

(The Hill) — President Donald Trump on Monday doubled down on his pressure campaign against Federal Reserve Governor Lisa Cook, urging the board member to resign or be fired following allegations of ...

President Trump on Monday doubled down on his pressure campaign against Federal Reserve board of governors member Lisa Cook, urging her to resign or be fired following allegations of mortgage fraud.