The central bank has long abused its power in ways that benefit the financial sector at the expense of everyone else.

Lisa Cook, then nominee to be a member of the Federal Reserve Board of Governors, speaks at a Senate confirmation hearing on Feb. 3, 2022. (Ken Cedeno/Pool via AP) President Trump on Monday announced he was firing Lisa Cook, a member of the Federal Reserve ...

The Federal Reserve could see many changes to its makeup in 2026, including a change in leadership at the top, giving President Donald Trump an opportunity to steer the central bank toward more interest rate cuts.

President Donald Trump has demanded the removal of one of the governors of the US central bank, a move that escalates his long-running feud with the institution. Late on Monday, he posted on his Truth Social account a letter addressed to Lisa Cook, saying ...

The Federal Reserve is widely expected to lower its benchmark interest rate this week for the first time since December of 2024. A rate cut would give Americans a sliver of relief on a wide range of loans, but would it bring down mortgage rates? Average ...

In his second term, President Donald Trump has tried to fire numerous federal officials, with varying degrees of success. Courts have occasionally intervened, raising questions about the extent of the president's power to terminate employees without cause ...

The Federal Reserve's securities portfolio declined by $18.1 billion last week, the largest drop in six weeks. This decline suggests the Fed is still reducing its portfolio, not holding it steady as previously speculated. I will monitor Fed actions in ...

The Federal Reserve, under Chair Jerome Powell, maintained its key interest rate, defying pressure from President Trump to lower it. Trump criticized Powell's decision, calling him "TOO LATE, TOO ANGRY, TOO STUPID, & TOO POLITICAL." While Trump has ...

On Thursday, the Trump administration asked the Supreme Court to immediately allow the president to fire Federal Reserve Governor Lisa Cook, even though evidence has emerged contradicting the administration’s claim that she committed mortgage fraud ...

Since November 26, 2025, the last date the Federal Reserve produced a balance sheet before it began to add securities to its portfolio again, the Fed has increased its portfolio of securities held outright by $33.3 billion.

President Donald Trump on Aug. 25 announced he was firing Federal Reserve governor Lisa Cook, an unprecedented move that brings the president one step closer to shaping the balance of the Fed's seven-member board in his favor. In a letter shared on Truth ...