Economic News

We say it a lot: The Federal Reserve doesn't set mortgage rates. But keeping the U.S. economy stable is the Fed's job, and so yes, the central bankers' plans and actions certainly influence mortgage interest rates. We get rate cuts when the Federal Reserve needs to shore up employment.

—New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought. The Fed typically combats inflation by raising borrowing costs. Such comments suggest that Warsh has shifted his views since replacing Jerome Powell as…

First Bank's independence from presidential authority was cited as precedent on the first page of Tuesday's 5-4 Supreme Court decision that backed the independence of the Federal Reserve. "The United States has a long tradition of independent central banking," Roberts wrote, noting that Philadelphia- based central banking enjoyed "independence from the…

AGOURA HILLS, Calif.& FRANKFURT, Germany—- Regnology, a leading provider at the intersection of regulatory, risk, and supervisory technology, today announced it has entered into a definitive agreement to acquire Fed Reporter, the market-leading U.S. provider of regulatory reporting solutions for financial institutions of all sizes, including banks, credit…

The Federal Reserve recently has been indicating that it is likely to raise interest rates at least once before the end of this year. Just a few months ago, before the war with Iran and the associated jump in energy prices, the Fed was considering at least two interest rate cuts in 2026.. The Fed is data driven.

Intercontinental Exchange, Inc., one of the world's leading providers of financial market technology and data powering global capital markets, announced the planned launch of its first economic indicator futures contracts tied to global monetary policy decisions and US natural gas storage reports. ICE's new futures will be based on central bank rate…

Senator John Fetterman penned a letter to Federal Reserve Board Chairman Kevin Warsh urging the board to begin rulemaking under the 1987 Expedited Funds Availability Act to expedite payments and speed up paychecks for every American. As you may know, EFAA delegated responsibility to the Federal Reserve to reduce the time banks can hold onto customers' funds…

The following information was released by the U.S. House of Representatives Committee on Financial Services:. Today, the House Financial Services Committee, led by Chairman French Hill, is holding a markup of various bills that reflect the Committee's long-standing efforts to promote economic growth, protect the integrity of our markets, strengthen…

The Federal Reserve, under pressure from President Donald Trump to cut interest rates and bend to his will, just got an important assist from the U.S. Supreme Court. Cook, the justices took up the case involving Trump's decision to terminate Lisa Cook, a member of the powerful policymaking Board of Governors of the Federal Reserve. But other recent Supreme Court…

Former Federal Reserve Chairman Alan Greenspan passed away last week at the age of 100. As a result, the cult of the Federal Reserve chairman reached new heights under Greenspan. New Republic reporter Stephen Glass wrote about Wall Street professionals maintaining a shrine to Greenspan.

WASHINGTON- The U.S. Supreme Court refused on Monday to let Donald Trump fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank's cherished independence against an unprecedented challenge by the Republican president. In that ruling, involving Trump's dismissal of a Federal Trade Commission member, the court expanded…

Attorney General Phil Weiser today issued the following statement after the U.S. Supreme Court ruled in Trump v. Cook that Congress may protect the independence of the Federal Reserve, while ruling in Trump v. I welcome the Supreme Court' s decision preserving the Federal Reserve's independence, which helps promote economic stability, support job growth, and…

Our news journalists obtained a quote from the research from European Central Bank,“ In particular, poorer households fully consume their additional income, while meaningful negative employment effects are absent. For more information on this research see: Consumption Response To Minimum Wages: Evidence From Chinese Households. Review of Economics and…

The Federal Reserve, under pressure from President Donald Trump to cut interest rates and bend to his will, just got an important assist from the U.S. Supreme Court. Cook, the justices took up the case involving Trump’ s decision to terminate Lisa Cook, a member of the powerful policymaking Board of Governors of the Federal Reserve. But other recent Supreme Court…

-The U.S. Supreme Court, in a 5-4 decision on Monday, prevented President Donald Trump from firing Lisa Cook, a member of the Federal Reserve's Board of Governors. Trump accused Cook of committing mortgage fraud before she joined the Federal Reserve. Chief Justice John Roberts said Trump's attempt to fire Cook would go against legal statutes designed to protect…

WASHINGTON— The U.S. Supreme Court refused on Monday to let Donald Trump fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank's cherished independence against an unprecedented challenge by the Republican president. The court, in a 5-4 ruling, blocked Trump's bid to become the first president to remove a Fed official since…

President Donald Trump has won and lost some as the Supreme Court wraps its final week of a term focused on executive power. The justices said Monday that Trump can fire leaders of independent agencies with one exception, ruling that central banker Lisa Cook can keep her job at the Federal Reserve for now. And it turned away Trump defender Alan Dershowitz’ s effort…

—The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump’ s firings of the heads of independent federal agencies with one important exception: the Federal Reserve. The justices allowed Fed governor Lisa Cook to stay in her job while she fights the Republican president’ s effort to fire her over allegations of…

The U.S. Supreme Court, in a 5-4 decision on Monday, prevented President Donald Trump from firing Lisa Cook, a member of the Federal Reserve’ s Board of Governors. Trump accused Cook of committing mortgage fraud before she joined the Federal Reserve. Chief Justice John Roberts said Trump's attempt to fire Cook would go against legal statutes designed to protect…