Fed cuts key interest rate
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On Wednesday, California Attorney General Rob Bonta joined a coalition 23 attorneys general in filing an amicus brief in the U.S. Supreme Court in Donald J. Trump v. Lisa D. Cook, a case concerning President Trump’s attempt to remove Federal Reserve Governor Lisa Cook from her position on the Federal Reserve Board.
Powell, who has butted heads with Trump over lowering interest rates, will serve until May 2026. His successor could be named as early as December. On October 27, Treasury Secretary Scott Bessent said that President Donald Trump has narrowed down his search to replace Federal Reserve chair Jerome Powell,
The Trump administration has named five finalists for the next Federal Reserve chair, including two with ties to Kentucky.
Attorney General Charity Clark today joined a coalition of 23 attorneys general on a brief filed with the U.S. Supreme Court defending the independence of the Federal Reserve Board of Governors. The filing urges the court to reject President Trump's request to immediately remove Federal Reserve Governor Lisa Cook,
Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year
Opinion
NCLA Asks Supreme Court to Uphold President’s Ability to Keep Federal Reserve Board Accountable
Donald J. Trump, President of the United States v. Lisa D. Cook, member of the Board of Governors of the Federal Reserve System, et al.
The Supreme Court will allow Federal Reserve Governor Lisa Cook to remain on the board for now. The justices will
The shortlist of names to replace Federal Reserve Chair Jerome Powell has been narrowed to just five. Fed board members Christopher Waller and Michelle Bowman make the list, along with White House National Economic Council Director Kevin Hassett,