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Federal Reserve governor Stephen Miran has stepped down from his position as chair of the White House’s Council of Economic Advisers, ending a controversial arrangement where he held positions at both institutions. His resignation was confirmed by White House spokesman Kush Desai late Tuesday. President Donald Trump appointed Miran in September to a seat on the Fed’s seven-member board […]
Kevin Warsh may be gearing up for the toughest job in the US government as new chairman of the Federal Reserve: He needs to stay true to his rep as a hawk on inflation — while at the same time playing nice with the guy who just nominated him. The latter happens to be President […]
Treasury Secretary Scott Bessent said on Monday the Federal Reserve is and should be independent but said it had “made a lot of mistakes” and defended President Trump’s right to fire Fed Governor Lisa Cook over allegations of mortgage fraud. Trump has criticized the Fed and its chair, Jerome Powell, for months for not lowering interest rates, and recently […]
Fed Governor Lisa Cook is standing up to Donald Trump, suing to keep her job because she says the president is trumping up a scandal and she’s fighting for Fed independence. Trump has called for Cook’s head for allegedly committing mortgage fraud by signing documents that she had two primary residences. We should let the […]
In July 1988, Mike Dukakis was leading the presidential race versus George H.W. Bush — but not for long. A little later that summer, the Democratic nominee agreed to do a photo-op in a battle tank with an army helmet perched awkwardly on his head. GOP spin masters capitalized with the now infamous “tank ad” […]
The US central bank should consider giving less forward guidance about its monetary policy intentions, particularly in uncertain times, San Francisco Federal Reserve Bank President Mary Daly said on Sunday. “Words have power, which is a great tool. But words can be harder to reverse than the interest rate,” Daly said in remarks prepared for delivery to the Western […]
President Trump signed an executive order on Thursday to create a national stockpile of Bitcoin and other digital currencies, an audacious idea that has been widely criticized as a scheme to enrich crypto investors. The basis of the stockpile will be a stash of Bitcoin, estimated to be worth as much as $17 billion, that […]
Jakub Porzycki | Nurphoto | Getty Images Cryptocurrencies fell Thursday night after President Donald Trump signed an executive order creating a strategic bitcoin reserve for the United States and, separately, a “digital asset stockpile.” The price of bitcoin was last lower by 3% at $87,586.86, according to Coin Metrics. Shortly after the news broke, it […]
FRANCE – 2025/01/20: In this photo illustration, Trump Meme , Trump the Crypto president, is seen displayed on a smartphone screen. (Photo Illustration by Romain Doucelin/SOPA Images/LightRocket via Getty Images) Romain Doucelin | Getty Images Cryptocurrencies rallied on Sunday after President Donald Trump announced the creation of a U.S. strategic crypto reserve that will include […]
A group of banks and business groups are suing the Federal Reserve over the annual bank stress tests. The Bank Policy Institute, which represents big banks like JPMorgan, Citigroup and Goldman Sachs, is joining the American Bankers Association, the Ohio Bankers League, the Ohio Chamber of Commerce and the U.S. Chamber of Commerce to file […]
