Hundreds of economists say Trump adminstration’s move to fire Cook “threatens the fundamental principle of central bank independence and undermines trust in one of America’s…
Posts published in “Truth Social”
Court punts on Trump’s move to remove Fed Governor Lisa Cook
A judge gave attorneys for the Fed governor until Sept. 2 to bolster their argument that she should keep her job, as Bill Pulte leveled…
Trump says he has ousted Fed governor, defying precedent
Trump has attempted to remove Lisa Cook from the rate-setting board over allegations made by the head of FHFA. Cook has denied wrongdoing and said…
In split vote, Fed policymakers snub Trump, leave rates unchanged
With job market stable and economy chugging along, futures market investors now think the odds of a September rate cut are less than even. Source:…
Tool Kit: How to tame AI before it eats your business
Artificial intelligence has the potential to separate agents who are willing to use and adapt to the technology from the rest, Rachael Hite writes, while…
Elizabeth Warren calls Pulte out for social media attacks on Powell
In July alone, 114 posts raise “significant questions about your judgment and commitment to operating FHFA in a responsible, competent, and lawful manner,” Senator scolds…
Trump’s interest sends shares in Fannie Mae, Freddie Mac soaring
President says he’s giving “very serious consideration” to bringing companies public, and investors are hoping that whatever plan emerges will generate a windfall for them. …
Pressure on mortgage rates eases as Trump pauses higher tariffs
Stocks rebounded and pressure on interest rates eased after Trump announces 90-day pause on country-specific “reciprocal tariffs” with the exception of 125 percent duties on…