Economists have long preferred independent central banks because they can more easily take unpopular steps to fight inflation.

In his latest attempt to pressure the Fed, on Wednesday Trump called on Fed governor Lisa Cook to step down, after an administration official, Bill Pulte, accused her of mortgage fraud. Pulte is head ...

Trump called on a Biden appointee on the Fed Board of Governors, the latest official targeted by the administration, to step down over mortgage fraud allegations.

The president is reportedly considering firing Lisa Cook after one of his housing officials accused her of committing mortgage fraud in 2021.

US Federal Reserve Governor Lisa Cook, the first Black woman on the board, rejects Donald Trump's demand for her resignation over alleged mortgage fraud, vowing to face questions and defend her record ...

The Justice Department plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve ...

On Wednesday, Trump called on Cook to resign after Federal Housing Finance Authority director William Pulte sent a "criminal referral" to Attorney General Pam Bondi, accusing Cook of mortgage fraud.

U.S. stocks are falling again, this time after the country’s largest retailer reported profits that came up short of Wall Street’s expectations. The S&P 500 fell 0.

Federal Reserve Governor Lisa Cook is rejecting calls to resign amid allegations of mortgage fraud pushed by the Trump administration.