Federal Reserve
‘Immediate removal’: Trump moves to fire Fed governor
In a surprise move, the US president said he was removing Federal Reserve Governor Lisa Cook over allegations she committed mortgage fraud, a sharp escalation in his battle to exert greater control over the rate-setting institution.
- Chris Rugaber
Latest
- Opinion
- Trump's White House
The Fed chief’s wise words are wasted on Trump
Jerome Powell’s highly nuanced speech highlighted the Trump-inspired uncertainties in the US economy even as Trump ramped up his efforts to gain control of the US central bank. Trump doesn’t do nuance.
- Stephen Bartholomeusz
Powell signals Fed may cut rates soon even as inflation risks remain
In a high-profile speech closely watched at the White House and on Wall Street, the Federal Reserve chair said that there are risks of both rising unemployment and stubbornly higher inflation.
- Christopher Rugaber
‘Must resign now’: Trump pushes Fed governor to quit after fraud allegations
Lisa Cook is the latest Federal Reserve official in the president’s crosshairs as he escalates his campaign to reshape the central bank.
- Josh Wingrove
- Opinion
- Trump's White House
Trump’s puppet has a crazy plan to weaken the US dollar
The president’s “vision” for the US dollar is a mass of contradictions and apparently incompatible goals. This man might make his dream come true.
- Jeremy Warner
- Analysis
- Donald Trump
Trump starts Fed overhaul with small step to the right. The big leap is still to come
Stephen Miran will join the Federal Reserve as a critic of its policies. But the real pressure will come as the US president looks for a new chair.
- Shane Wright
- Opinion
- Trump's America
The door is open for Trump to create more chaos
The clock is ticking as Donald Trump gets set to make two key appointments that pose a serious risk to America’s economy.
- Stephen Bartholomeusz
- Opinion
- Trump's America
Welcome to Donald Trump’s dystopian world
There’s a quote in George Orwell’s 1984 that seems appropriate after Trump’s shocking move to fire the head of the US Bureau of Labor Statistics after she produced numbers he didn’t like.
- Stephen Bartholomeusz
- Analysis
- Trump's White House
Rollercoaster week raises questions about true state of the US economy
After stellar GDP growth, we were told it was “the Trump economy″ in effect. But when a shockingly weak jobs report arrived, suddenly the numbers were “rigged”.
- Michael Koziol
- Updated
- World markets
ASX slips, miners fall on Trump’s copper call; Flight Centre tumbles
The Australian sharemarket has ended the day lower, with miners weighing on the index while the Federal Reserve kept rates on hold.
- Staff reporter