President Donald Trump's administration is asking the Supreme Court for an emergency order to remove Lisa Cook from the Federal Reserve’s board of governors.

The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, ...

The central bank delivered a policy long-sought by President Donald Trump, though the size of the rate cut all but certainly fell short of Trump's desired outcome. The Federal Open Market Committee ...