Fed, Rate Cuts
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Lisa Cook, Fed and Trump
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The Labor Department on Tuesday issued a stunning downward revision of 911,000 fewer jobs added for the 12 months through March 2025.
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Fed Governor Lisa Cook claimed 2nd residence as ‘vacation home,’ undercutting Trump fraud claims
Federal Reserve Governor Lisa Cook referred to a condominium she purchased in June 2021 as a “vacation home” in a loan estimate.
The Senate looks poised to confirm President Trump’s pick to join the central bank in time for the policy meeting next week, while another governor’s fate remains up in the air.
U.S. inflation picked up moderately in August, with prices up 2.9% from a year earlier. The Federal Reserve next meets Sept. 16-17.
A Fed rate cut is coming this week, but the pace of future cuts will be in focus. The implications of Oracle’s earnings on the AI-narrative are analyzed.
The post Trump’s excuse for firing Fed governor doesn’t hold water appeared first on Salon.com.
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Why Morgan Stanley now sees four straight Fed interest-rate cuts — but not a jumbo hike to start
Morgan Stanley’s economists have quickly swung their stance on interest-rate cuts, and in a new note to clients on Friday are forecasting four consecutive quarter-point rate reductions.
Markets have fully priced in a September cut and now anticipate three reductions this year, compared to two just weeks ago.
A close ally of Trump has predicted the president will “take the Fed over,” something that could up-end the global financial