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Key Points President Donald Trump demanded Federal Reserve Governor Lisa Cook’s immediate resignation. Federal Housing Finance Agency Director Bill Pulte urged the Department of Justice to launch a criminal investigation related to Cook’s mortgage records. The remarks show Trump expanding his attacks on the Fed beyond its chairman, Jerome Powell, as he pressures the central bank to slash interest rates. ************************************************************** The head of President Donald Trump’s housing regulatory agency said Wednesday that Federal Reserve Governor Lisa Cook will have to resign, or else be fired for cause, over what he claims is evidence of “mortgage fraud” by the central...

Markets had been nearly certain the Fed would cut rates in September, but fresh producer price data are weakening those odds ahead of Chair Jerome Powell’s Jackson Hole speech. While investors still see an 85% chance of a cut, Bank of America now expects rates to hold, warning tariffs and sticky inflation could keep policy tighter for longer. Analysts will be eyeing the back end of this week for the market-moving news. Analysts have long priced in a number of cuts to the base rate in 2025. With just a handful of meetings left to go this year, September has...

The U.S. inflation rate measures the year-over-year rise in prices for for goods and services. The inflation rate typically reacts to phases of the business cycle, which is the natural cycle of expansion and contraction that the economy goes through over time. The Federal Reserve has a target annual inflation rate of 2%, and it uses monetary policy to keep inflation in check and stabilize the economy when inflation rises above that benchmark. 1 Key Takeaways * The U.S. inflation rate shows the change in prices year-over-year. * The inflation rate responds to different phases of the business cycle as...

The Federal Reserve announced Friday that governor Adriana Kugler will step down next week, opening up a spot on the central bank’s powerful board that President Trump will be able to fill. Kugler, who did not participate in the Fed’s policy meeting earlier this week, would have completed her term in January. Instead, she will retire Aug. 8. She did not provide a reason for stepping down in her resignation letter. Federal Reserve Governor Adriana Kugler speaking. Federal Reserve governor Adriana Kugler, who did not participate in the Fed’s policy meeting earlier this week, would have completed her term in...

The two Federal Reserve governors who dissented from the central bank’s decision to hold interest rates steady this week said they did so, in part, because they worried about the health of the labor market. “While the labor market looks fine on the surface, once we account for expected data revisions, private-sector payroll growth is near stall speed,” Fed Gov. Christopher Waller said in a statement posted on the central bank’s website.

The director of the Federal Housing Finance Agency has made the removal of the Fed chair his personal mission.At a meeting with House Republicans this month, President Trump waved a draft of a letter firing the Federal Reserve chair, Jerome H. Powell.The letter, which rattled Washington and global markets, was not written by Mr. Trump or his core economic advisers. Instead, it was drafted by Bill Pulte, the director of the Federal Housing Finance Agency, who has used his perch and his social media prowess to become the Trump administration’s loudest critic of Mr. Powell.The campaign against Mr. Powell has...

President Trump on Thursday toured the Federal Reserve headquarters renovations, which have ballooned over one billion dollars over budget. Powell is under fire for the cost of renovating the Fed’s DC headquarters. The cost ballooned from $1.9 billion to $2.5 billion. He currently also faces a criminal referral to the Justice Department from Congresswoman Anna Paulina Luna (R-FL). Trump announced earlier that he was joined by Senator Tim Scott, Senator Thom Tillis, OMB Director Russ Vought, Chairman of Fannie Mae and Freddie Mac, Bill Pulte, my Appointees to the National Capital Planning Commission, James Blair and Will Scharf, and various...

Bessent, one of the easiest going, most accessible, truly fantastic Trump cabinet members (out of a superb and stellar cast of characters, I might add), has called for a look-see into exactly what's been going on in the House of Powell. Treasury Secretary Scott Bessent on Monday suggested a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function. “What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” Bessent said during an interview on CNBC’s “Squawk Box.” “Has the organization...

Treasury Secretary Scott Bessent on Monday suggested a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function. “What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” Bessent said during an interview on CNBC’s “Squawk Box.” “Has the organization succeeded in its mission? If this were the [Federal Aviation Administration] and we were having this many mistakes, we would go back and look at why has this happened.” The comments come amid an intensifying conflict between the White House and...

Another stunt… Fed Chair Jerome Powell pulled another shady stunt after Trump officials requested a tour of the so-called $2.5 billion in building ‘renovations.’ On Friday Chairman of the Board of Fannie Mae and Freddie Mac, Bill Pulte, revealed Jerome Powell offered a tour of the renovations on Friday night when no one was there. On Monday, Trump officials were declined a request for an on site visit to tour the building renovations and instead were given a “virtual site visit.” “Instead of granting us our site visit, the Fed today released a “virtual site visit” video,” Trump White House...

Interesting how Obama-appointed DOJ IG Michael Horowitz, a Dem donor, suddenly transferred to the Federal Reserve last month as the 35-pp "Clinton Annex" he bottled up for 7 years was finally being declassified. There was no compelling reason to censor it. ... Horowitz threw John Durham a softball over the center of the plate: so long as Crossfire Hurricane was adequately predicated, everyone that came after was kosher. So what did Durham do? Look at everything except the predication (the drunken statement by Papadopoulos) ... Is Horowitz hiding behind Powell’s skirt?

BREAKING: 🚨 Florida Congresswoman Anna Paulina Luna issues CRIMINAL REFERRAL to the Department of Justice on Fed Chair Jerome Powell.— E X X ➠A L E R T S (@ExxAlerts) July 21, 2025

A proposed GOP ban on a central bank digital currency (CBDC) could pump the brakes on grand visions to reshape electronic payment access around the Federal Reserve. Republican lawmakers pushed the ban through the House on Thursday over concerns the government could use a CBDC to surveil Americans’ financial transactions. The banking industry has also lobbied against the currency, arguing the public already has sufficient access to easily usable and safe digital money.“Nobody yet knows whether a CBDC is a good idea or not,” Rep. Jim Himes (D-Conn.), who has pushed for the government to explore a CBDC, said following...

Fed Chairman Jerome Powell is considering resigning, according to Chairman of the Board of Fannie Mae and Freddie Mac, Bill Pulte. “I’m encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom,” Pulte said. President Trump has been calling on Fed Chair Jerome Powell to resign. “”Too Late” should resign immediately!!!” Trump said on Truth Social last week.

President Trump on Friday floated the possibility of firing Federal Reserve Chair Jerome Powell as part of his latest round of intense criticism of the leader of the central bank over its decision not to lower interest rates. Trump, in a lengthy post on Truth Social, railed against Powell, labeling him a “numbskull,” “a dumb guy,” “and an obvious Trump Hater.” Trump appointed Powell to the post in 2017. I fully understand that my strong criticism of him makes it more difficult for him to do what he should be doing, lowering Rates, but I’ve tried it all different ways,”...

@RandPaul Congress spends $2 trillion more than its revenues, the Fed then buys this debt. Congress then pays the Fed interest. The Fed then pays interest to big banks to keep cash reserves. This is how govt makes the rich richer. But it gets worse. According economist Judy Shelton: “44% of the more the Fed currently [pays to the big banks] goes to foreign banks.” So, as Congress drags our country into bankruptcy, the FED enriches rich foreign banks.

President Donald Trump is lashing out on social media. Jerome Powell is on the receiving end of today's ire. Powell, the Federal Reserve chair who is slowly cutting back interest rates to minimize the risk of continued inflation, is caught in the President's crosshairs after a paltry jobs report. US private payrolls increased far less than expected in May, the ADP National Employment Report showed on Wednesday. Private payrolls increased by only 37,000 jobs last month, a far cry from analyst projections and the worst private job hiring slump since March 2023. Economists polled by Reuters had forecast private employment...

First, the federal debt crisis has reached a breaking point, with skyrocketing interest payments now surpassing defense spending and on track to become the largest single budget item. This trajectory is unsustainable, signaling that a major financial reckoning is imminent. Second, the Trump administration views the US dollar as severely overvalued, believing it is crippling the economy and that urgent intervention is necessary…. Devaluing the dollar is a boon to debtors, especially the US government, allowing it to borrow in dollars and repay in dimes. Short of an outright default—which Washington is unlikely to do—a weaker dollar is the only...

Now you know why Trump is so eager to cut wasteful spending! The real mystery is why Democrats and RINOs are so determined to continue wasteful spending and not cut taxes. Trump inherited a fiscal disaster from Biden and Congress. Not to mention The Federal Reserve. Credit default swaps (CDS) for the USA are near Greece (and China) levels. ... Since Covid struck in 2020, US debt is up a staggering 56% ... And M2 Money is up 40% since Covid.

Is Saudi Crown Prince Mohammed bin Salman trying to sabotage Joe Biden’s reelection bid? It’s quite possible. The Saudi leader, known as MBS, has made clear his disdain for President Biden, and his fury over insults lobbed at him by this White House. He is a powerful force behind the current surge in oil prices, which could — if sustained — contribute to Biden’s defeat. Oil prices are soaring — up 19 percent since the start of the year. Since they lag behind crude oil, gasoline prices have only jumped 14 percent so far. But, unless oil markets take a...