Financial markets
DoubleLine Global Bond Portfolio Manager Bill Campbell warns in a new paper that President Trump's pressure on the Federal Reserve to cut interest rates is not only to stimulate the economy but also to head off a significant surge in government debt-service costs as maturing Treasuries are refinanced
Trump, Donald
A surge in gold prices to over $3,500 per troy ounce has been driven by investors seeking protection from political uncertainty, debt worries, and fears of a politicized Federal Reserve. The institution's independence is being eroded as the US administration attempts to exert control, leading to concerns
Trump, Donald
The U.S. Justice Department has launched an investigation into mortgage fraud allegations against Federal Reserve Governor Lisa Cook, who is challenging a Trump administration effort to remove her from her job. The investigation comes amid a high-stakes legal fight over President Donald Trump's announcement last month that
Trump, Donald
The United States Department of Justice has launched a criminal investigation into Federal Reserve Governor Lisa Cook over mortgage fraud allegations. The investigation, led by Special Assistant US Attorney Ed Martin, is being conducted in conjunction with the US Attorneys' Offices in the Northern District of Georgia and the
Trump, Donald
President Donald Trump's bid to fire Lisa Cook, a member of the Federal Reserve's governing board, has sent shockwaves through the financial community, with many economists and legal experts warning that it could have severe consequences for the American economy. Trump's actions, if successful,
Trump, Donald
The European Central Bank President, Christine Lagarde, has voiced her concerns over the US President's attempts to pressure the Federal Reserve, stating that it poses a significant risk to the global economy. Lagarde emphasized the importance of independence in US monetary policy, cautioning that interference could have far-reaching
United States. Federal Reserve Board
As US President Donald Trump intensifies his attacks on the Federal Reserve, the banking system, and private corporations, the reaction from Wall Street has been surprisingly calm. In contrast to the vociferous criticism from business leaders when the Democratic mayoral candidate in New York, Zohran Mamdani, proposed free buses, rent
United States. Federal Reserve Board
President Trump's accusation against Federal Reserve governor Lisa Cook and the subsequent investigation into mortgage data have raised concerns about the accessibility and privacy of such information. While a limited amount of mortgage data is part of the public record, it can still be used to pry into
United States. Federal Reserve Board
The Federal Reserve's preferred measure of inflation, the Personal Consumption Expenditures price index, remained steady in July, keeping the central bank on track to lower interest rates at its next meeting in September. Consumer prices rose 0.2 percent in July and were up 2.6 percent from
United States. Federal Reserve Board
As US inflation data reinforced expectations of a potential interest rate cut by the Federal Reserve, gold prices held steady on Friday, with spot gold up 0.1% at $3,419.59 per ounce. This gain comes amid a 3.9% increase in gold prices in August so far. The
United States. Federal Reserve Board
With the opening of a seat on the Federal Reserve Board and the planned firing of another Biden-appointed member, President Trump is on track to appoint a majority of the board, reshaping the top ranks of the Fed. Trump has made it clear that he wants to see lower interest
United States. Federal Reserve Board
Federal Reserve Governor Lisa Cook, the first Black woman to serve on the Fed's governing board, has launched an unprecedented lawsuit against the Trump administration in an attempt to overturn the President's decision to fire her. The lawsuit seeks emergency relief to block her termination and
