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 ...

The president ordered the removal of Lisa Cook from the Fed board over claims she engaged in mortgage fraud, escalating his ...

US President Donald Trump moved to fire Federal Reserve Governor Lisa Cook "effective immediately" on Monday, citing ...

President Donald Trump has fired Federal Reserve Governor Lisa Cook, a sharp escalation in his battle to exert greater ...

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

President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors — a dramatic move after ...

Trump had earlier called on Cook to step down by August 20, but moved ahead with termination after she did not resign ...

Gold prices saw an increase, reaching a two-week high. This happened as the dollar weakened. Donald Trump removed Lisa Cook ...