Having already watched as Trump's Justice Department launched baseless, vengeful criminal cases against former FBI Director James Comey and New York Attorney General Letitia James, it's tempting for Trump's supporters and opponents alike to shrug at the newly revealed criminal investigation against Federal Reserve Chair Jerome Powell as just more of…
Economic News
The average 30- year fixed mortgage rate rose six basis points to 5.97% in the week ending Jan. 22, according to rates provided to NerdWallet by Zillow. Federal Reserve is expected to leave rates unchanged. At next week's Federal Reserve meeting on Jan. 28-29, central bankers are largely expected to hold the overnight borrowing rate steady.
An independent U.S. monetary authority is imperative for economic growth, prosperity, stability and— indeed— sustainability! About 50 years ago, my dissertation developed an early model of the monetary system and measured the effects of Federal Reserve policy. After the Panic of 1907, Congress created the Federal Reserve in 1913, formally added the Federal…
WASHINGTON— U.S. Supreme Court justices across the political spectrum appeared skeptical of President Donald Trump's swift, informal dismissal of Federal Reserve Board Governor Lisa Cook, and his effort to influence the independent central bank that governs monetary policy in the United States. The oral arguments Wednesday drew a high-profile…
The conflict between President Donald Trump and Federal Reserve Chairman Jerome Powell is raising urgent questions about the independence of the regulatory system. One is whether the president can remove the chairman of the Federal Reserve. More recently, Trump has also targeted Powell over his handling of the $2.5 billion renovation of two Federal…
—The Supreme Court for the past year has repeatedly allowed President Donald Trump to fire heads of independent agencies, but it appears to be drawing a line with the Federal Reserve. Last year, the court allowed President Donald Trump to fire— at least temporarily— Gwynne Wilcox, a member of the National Labor Relations Board, and Cathy Harris, a member of the Merit…
Having already watched as Trump's Justice Department launched baseless, vengeful criminal cases against former FBI Director James Comey and New York Attorney General Letitia James, it's tempting for Trump's supporters and opponents alike to shrug at the newly revealed criminal investigation against Federal Reserve Chair Jerome Powell as just more of…
"Washington state is experiencing a housing affordability crisis. Federal Reserve Chair Jerome Powell has noted that the U.S. has underproduced apartments since 2007 while allowing for the construction of large houses. The Federal Reserve is in the process of decreasing interest rates to make home buying easier.
Having already watched as Trump's Justice Department launched baseless, vengeful criminal cases against former FBI Director James Comey and New York Attorney General Letitia James, it's tempting for Trump's supporters and opponents alike to shrug at the newly revealed criminal investigation against Federal Reserve Chair Jerome Powell as just more of…
-The U.S. Supreme Court heard oral arguments on Wednesday in a case over whether President Donald Trump can immediately remove Lisa Cook, a member of the Federal Reserve Board of Governors. Justices on the Supreme Court appeared skeptical of the Trump administration's arguments to immediately remove Cook. The Federal Reserve is the central bank of the United…
Having already watched as Trump's Justice Department launched baseless, vengeful criminal cases against former FBI Director James Comey and New York Attorney General Letitia James, it's tempting for Trump's supporters and opponents alike to shrug at the newly revealed criminal investigation against Federal Reserve Chair Jerome Powell as just more of…
The following information was released by the National Association of Real Estate Investment Trusts:. Steven Loffman, managing director at Raymond James, sat down for a video interview during Nareit's REITworld: 2025 Annual Conference in Dallas, Dec. 811. Cooling labor markets and easing housing inflation could push the Federal Reserve toward a more dovish…
A chicago home buyer or mortgage borrower seeking to refinance in 2026 likely is wondering why the hard-working head of the Federal Reserve Board is being kicked around like a political football. it might be President Donald Trump doesn’ t like that Fed chairman Jerome Powell and other knowledgeable board members are slow to react to his bullish demands for…
WASHINGTON- The Supreme Court on Wednesday seemed poised to reject President Donald Trump's bid to immediately remove Lisa Cook from the Federal Reserve Board, with key justices expressing concern about undermining the long-standing independence of the central bank. After about two hours of argument, a majority of the justices seemed likely to order…
The looming Supreme Court decision about whether President Donald Trump can fire a Federal Reserve governor, Lisa Cook, has more at stake than whether she may stay on at the central bank. For a judicial body often fraught with division over Trump's sweeping claims to executive power, the Supreme Court found rare moments of unity in questioning the economic…
The Supreme Court sounded very skeptical Wednesday about President Trump’ s unprecedented bid to fire a Federal Reserve governor as the president seeks to reshape the central bank to do his bidding on economic policy. Conservative justices joined their liberal colleague in peppering the administration’ s lawyer with questions about Trump’ s controversial…
The U.S. Supreme Court heard oral arguments on Wednesday in a case over whether President Donald Trump can immediately remove Lisa Cook, a member of the Federal Reserve Board of Governors. Justices on the Supreme Court appeared skeptical of the Trump administration’ s arguments to immediately remove Cook. Justice Brett Kavanaugh questioned the kind of…
—The Supreme Court on Wednesday seemed inclined to keep Federal Reserve governor Lisa Cook in her job, casting doubt on President Donald Trump’ s bid to wrest control of the nation's central bank. Both Cook and Federal Reserve chairman Jerome Powell sat through nearly two hours of arguments in the packed courtroom. “For as long as I serve at the Federal Reserve, I…
The U.S. Mint halted production of pennies in November 2025. The U.S. Mint will reportedly mint 2026 pennies— as an act of Congress will be required to totally decommission the penny— but no new pennies will be produced for distribution. The Federal Reserve will continue to recirculate pennies for the immediate future.
