The Latest Breaking News from Jerome Powell

President Trump has demanded the removal of the Biden appointee in what would mark an unprecedented move against the central bank's leadership

Markets hate uncertainty, especially when it comes to monetary policy and interest rates, and questions about the Fed are compounding.

Cook’s attorney said the president has ‘no authority’ and ‘lacks any factual or legal basis’ to fire the Fed governor

President Donald Trump fired Federal Reserve governor Lisa Cook on Monday night, likely teeing up a legal battle over the Fed's independence.

Asian stocks retreated Tuesday after a series of market-rattling announcements by US President Donald Trump, including the unusual firing of a central bank official and threats to impose export controls on microchips.

The US president has said he is firing Lisa Cook over mortgage fraud allegations – a move experts view as a means to exert more control

“President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” Cook said.

US President Donald Trump moved to fire Federal Reserve Governor Lisa Cook "effective immediately" on Monday, citing allegations of false statements on her mortgage agreements -- as he expanded pressure on the independent central bank.

At the central bank conference in Jackson Hole on Friday, Federal Reserve Chair Jerome Powell warned that a new set of policy-driven shocks is reshaping the U.S. outlook, underscoring how “significantly higher tariffs” are remaking global trade while tighter immigration policy has produced an “abrupt slowdown in labor force growth.”