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…
Economic News
-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…
For the past quarter-century, the Federal Reserve has preferred one price measure for consumer spending, that big segment of the economy the Fed considers in its efforts to promote its two congressionally mandated economic goals of stable prices and maximum employment. The Fed uses the personal consumption expenditures price index, produced monthly by the…
The following information was released by Tennessee Senator Bill Hagerty:. WASHINGTON On Tuesday, United States Senator Bill Hagerty, a member of the Senate Banking Committee, sent a letter to Vice Chairman for Supervision of the Federal Reserve Board of Governors Michelle Bowman, Comptroller of Currency Jonathan Gould, Chairman of the Federal Deposit…
WASHINGTON D.C.– While he is a new Federal Reserve Chairman, Kevin Warsh kept it pretty much business as usual when he held his first meeting last week. The central bank voted unanimously to keep the standard interest rate in the 3.50% to 3.75% target range. There were also talks of a new strategy involving communication with Warsh releasing a shorter policy…
Noah Cross, the archvillain of the movie " Chinatown," had the definitive line on how old age brings respectability. I wouldn't necessarily slot former Federal Reserve Chairman Alan Greenspan into any of those categories, but the general reaction to his death Monday at age 100 puts the lie to Cross' observation. The headline on the Wall Street Journal's main take on…
-Companies operating in the nation’ s most productive oil and gas region report business activity surged to a four-year high in the second quarter of 2026, though rising operational costs and regulatory burdens threaten long-term growth, according to the Dallas Federal Reserve Bank’ s most recent quarterly survey. The Dallas Fed’ s business activity index for…
A public notice published in the Woodward News states that Cowboy Bank of Kremlin has applied to the Federal Reserve Board for permission to merge with Stock Exchange Bank of Woodward and continue operating its locations as branches of Cowboy Bank. According to notices published June 17, and to be ran June 24 and July 1, Cowboy Bank plans to establish a branch at…
WASHINGTON— U.S. inflation increased further in May, breaking above 4% for the first time in three years as the Middle East conflict boosted energy prices, and potentially drawing the Federal Reserve closer to raising interest rates this year. The personal consumption expenditures price index surged 4.1% in the 12 months through May, the largest increase and…
Even if you already know the role and history of the Federal Reserve, I’ d bet a pretty penny you’ ll be impressed by the rare coins and notes on display, including a $100,000 bill and a 1907 Saint-Gaudens High-Relief Double Eagle gold coin, valued at upward of $35,000, which Hill told me is "considered to be the most beautiful coins ever produced in the United States."
The Federal Reserve held interest rates at 3.75% earlier this month, a decision that, at face value, isn’ t bad news for job applicants. That could hit South Florida especially hard. The area’ s economy is heavily dependent on tourism, real estate and construction,“ all of which are interest-rate-sensitive,” said Bryan Cutsinger, a professor of economics at Florida…
CNW CurrenSees Exploring the policies, markets and global events influencing currencies and the movement of money worldwide June 26, 2026 – via CurrencyNewsWire — According to the Federal Reserve’s annual bank stress test, the nation’s largest banks remain well capitalized and capable of continuing to support the economy during a severe downturn. Despite projected loan losses exceeding $708 billion under […]
Business and government leaders gathered at the Bank of America Corporate Center for a community roundtable discussion Thursday. The tax is expected to generate $19.4 billion over the next 30 years, according to the Charlotte Area Transit System. Robert McCutcheon, CEO of Charlotte Regional Business Alliance, said the investment could lead to a 1.7%…
WASHINGTON— U.S. inflation increased further in May, breaking above 4% for the first time in three years as the Middle East conflict boosted energy prices, and potentially drawing the Federal Reserve closer to raising interest rates this year. The personal consumption expenditures price index surged 4.1% in the 12 months through May, the largest increase and…
There’ s a new Fed Sheriff in town, and analysts say home buyers’ hopes and dreams for lower mortgage rates in 2026 likely will remain in interest-rate jail. In his first Federal Open Market Committee meeting on June 17, President Donald Trump’ s newly appointed Federal Reserve chairman Kevin Warsh made it clear there is a new game being played at the central bank.
