Jerome Powell's Jackson Hole speech in focus
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Powell is slated to give his annual address in Jackson Hole, Wyoming, on Friday. Swaps are pricing in a high probability the Fed will cut borrowing costs by a quarter point next month. In the face of mounting pressure from President Donald Trump for hefty reductions,
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Trump demands the resignation of a key Fed official as he broadens his attacks on the central bank
President Donald Trump called for Fed Governor Lisa Cook to resign after the director of the FHFA said she may have committed mortgage fraud.
A potential candidate to succeed Federal Reserve Chair Jerome Powell, David Zervos, said that it’s inaccurate to describe the US central bank as independent, and characterized the outgoing Fed chief as aligned with the political left.
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Trump housing regulator Pulte says Fed's Cook should resign or be fired, alleging mortgage fraud
Trump has targeted the Federal Reserve and its chairman, Jerome Powell, as he pressures the central bank to slash interest rates.