Trump calls for Fed Governor Lisa Cook to resign
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Fed Chair Jerome Powell walks with Kazuo Ueda, Christine Lagarde and Andrew Bailey during a break at the annual Jackson Hole Economic Policy Symposium outside Jackson Lake Lodge on Friday, Aug. 22. | Amber Baesler/AP Photo
Federal Reserve Chair Jerome Powell warned that the tariffs unleashed by U.S. President Donald Trump are pushing consumer prices higher and would continue to do so over the coming months.
Harvard economist Kenneth Rogoff has admitted he got bitcoin and crypto wrong ten years ago, warning a coming dollar “crisis" could propel crypto
FOMC opted to leave its target range unchanged at 4.25%–4.50%, fresh details from the July meeting shed light on why policymakers are growing uneasy.
Federal Reserve Chair Jerome Powell on Friday announced an updated operating framework more oriented toward traditional efforts of promoting price stability, supplanting what had been a troubled effort that biased central bank policy toward its job mandate over its inflation target.
The president’s calls for Lisa Cook, a Fed governor, to resign are diverting attention from economic issues as top central bankers from around the world gather in Jackson, Wyo.