Fed independence

The Supreme Court ruled in June that Cook could remain in her position — but did not block Trump from continuing to legally challenge her for alleged mortgage fraud.

The Supreme Court helped defend the Federal Reserve’s independence — but only by a slim majority.

“These agencies exercise sweeping powers over corporations, over the economy, over our health, over our safety,” said University of Michigan law professor Leah Litman, “And the court just handed the president the power to dictate what the heads of those agencies do.”

Rising inflation and the bond markets are telling the Fed to raise rates. The guy in the White House is demanding cuts.

The decision ends a probe into the Federal Reserve’s extensive building renovations — one that Powell alleged was politically motivated.

Bostic, president and CEO of the Federal Reserve Bank of Atlanta, is retiring from his position at the end of the month.

Presidents have tried to make their mark on the economy through the selection of Federal Reserve chairs before, but this time is different.

The Supreme Court will hear arguments about the Trump administration’s attempted firing of Fed governor Lisa Cook this week. The outcome could determine how easily the president can dismiss other Fed officials.

The Supreme Court has permitted President Donald Trump to remove members of various other federal agencies. Is the Federal Reserve different?

Wholesale inflation rose from 2.8% in October to 3.0% in November, according to the latest Bureau of Labor Statistics report. But where inflation is headed is as much about how consumers feel as it is about what wholesalers are paying.