The Latest Breaking News from US Federal Reserve

Trump threatens to abolish birthright citizenship through Congress after supreme court rules against him – as it happened

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The Guardian - US · Jun 30

Gold poised for biggest monthly drop since 2008 amid Fed rate hike expectations

Gold prices are experiencing a significant monthly drop, nearing their largest decline since 2008. This downturn is driven by expectations of Federal Reserve interest rate hikes aimed at controlling inflation, fueled by rising energy prices. A strong US dollar further dampens gold's appeal as an inflation hedge, with traders anticipating…

The Economic Times · Jun 30

Strong dollar pushes yen to 40-year low as clock ticks on intervention

The Japanese yen hit a 40-year low against the dollar, sparking intervention fears. Despite past efforts, the yen continues to weaken due to a significant interest rate gap. Analysts believe intervention is inevitable but unlikely to reverse the trend. Meanwhile, the dollar remains strong ahead of crucial U.S. jobs data,…

The Economic Times · Jun 30

US Supreme Court says Fed's Cook can keep her job for now, but it upholds other Trump firings

The Supreme Court has significantly broadened presidential authority, allowing presidents to dismiss heads of independent federal agencies at will, overturning a long-standing precedent. However, the Federal Reserve remains an exception, with a governor allowed to remain in her post while contesting her dismissal. This ruling grants presidents greater control over…

The Economic Times · Jun 30

US Supreme Court Rules Trump's Firing Of First Black Female Fed Governor Lisa Cook Was 'Void From The Start'

The US Supreme Court ruled against Donald Trump's attempt to dismiss Federal Reserve Governor Lisa Cook, marking a historic decision that underscores the importance of the Fed's independence.

International Business Times UK · Jun 29

Can the Supreme Court Slaughter Slaughter Without Cooking Cook?

Tensions between today's two major presidential removal power decisions.

Reason · Jun 29

Federal Reserve independence secures an important, but not final, victory at US Supreme Court

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.

The Conversation · Jun 29

Stocks Rally to Start a Big Holiday Week: Stock Market Today

Comcast created a stir among communication services stocks with a plan to spin off its media and entertainment assets into a new publicly traded company.

Kiplinger · Jun 29

Stocks Jump As U.S. And Iran Halt Hostilities And Resume Negotiations; Dow Closes At New Record

Stocks jumped on Monday in a volatile session as the U.S. and Iran halted hostilities and are set to resume negotiations on Tuesday.

International Business Times · Jun 29

Trump Vows To 'Take Appropriate Action' To Remove Lisa Cook From Fed Board Despite Adverse Supreme Court Ruling

President Donald Trump vowed to continue efforts to remove Lisa Cook from the Federal Reserve's board following an adverse Supreme Course ruling.

International Business Times · Jun 29