Reported 1 day ago
As Federal Reserve officials prepare for a crucial two-day meeting, the independence of the central bank is in question due to President Trump's rush to overhaul it amidst ongoing legal challenges. A federal appeals court is set to decide on the contentious status of Fed Governor Lisa Cook, while the Senate may confirm a pro-Trump nominee to the Board of Governors, potentially influencing monetary policy decisions. Meanwhile, Trump continues to demand significant interest rate cuts despite inflation concerns, highlighting a potential shift in how U.S. monetary policy may be shaped going forward.
Source: YAHOO