President Donald Trump says he's firing Federal Reserve Governor Lisa Cook, a sharp escalation in his battle to exert greater ...

President Donald Trump said on Monday night that he had fired Federal Reserve governor Lisa Cook, less than a week after his administration accused her of mortgage fraud.

The Fed wields extensive power over the US economy. By cutting the short-term interest rate it controls — which it typically does when the economy falters — the Fed can make borrowing cheaper and ...

On Friday, stocks jumped after U.S. Federal Reserve Chair Jerome Powell hinted at the Jackson Hole Symposium that an interest ...

President Donald Trump fired Federal Reserve governor Lisa Cook Monday evening, intensifying a pressure campaign on the ...

Trump cited a "criminal referral" from Federal Housing Finance Agency Director William Pulte against Cook, the first Black ...

I have determined that there is sufficient cause to remove you from your position,” Mr. Trump said in a letter. Her dismissal ...

On Friday, Federal Reserve Chairman Jerome Powell indicated the possibility of interest rate cuts in the coming months.

Today, the blue-chip Dow Jones Industrial Average closed down 0.8% at 45,282, the broad-based S&P 500 was off 0.4% to 6,439, ...

Federal Reserve Chair Jerome Powell on Friday opened the door to an interest-rate cut, surprising many economists.