The importance of that independence was underscored during the 1970s, when then-Fed Chair Arthur Burns, under pressure from President Richard Nixon, kept rates low ahead of the 1972 election.

Federal Reserve Governor Lisa Cook said Trump has “no authority” to fire her and affirmed she “will continue to carry out my ...

Mortgage rates today might respond to the government's attempted firing of a Fed governor. If so, they'll likely rise.

Last week, Cook emphasised she wouldn't leave her post after the US president called for her resignation on social media, ...

President Donald Trump just fired a top policymaker at the Federal Reserve, but it wasn’t Chair Jerome Powell. That itself shows the president has conceded there’s a limit to his attacks on the ...

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

By Kevin Buckland and Rocky Swift TOKYO (Reuters) -Japanese government bond yields tested record highs on Tuesday after U.S. President Donald Trump's attempt to oust Federal Reserve Governor Lisa Cook ...

Nvidia earnings are the main corporate event this week, with investors looking at how the $4 trillion juggernaut at the heart of the artificial-intelligence boom is faring. Quarterly reports from ...

Interest is the monetary charge for the privilege of borrowing money, typically expressed as an annual percentage rate.

President Trump said on Monday he has removed Federal Reserve governor Lisa Cook from her post, following through on a threat ...