The justices will hold a hearing in January 2026 to review the case. The Supreme Court did not allow President Donald Trump to immediately fire Federal Reserve Governor…
Read MoreInterest Rates
Federal Reserve Lowers Interest Rates Slightly as Unemployment Increases
Chairman Powell says no paths are “risk-free,” and that the correct move is “not incredibly obvious.” The Federal Reserve lowered interest rates by a quarter of a percentage…
Read More
Appeals Court Blocks Firing of Fed Governor Lisa Cook
Issues an emergency ruling stating the government must follow due process. The D.C. Court of Appeals issued an emergency ruling on Monday that determined President Donald Trump cannot…
Read More
Treasury Secretary says President Considering Housing Emergency Declaration
The housing prices, as well as the mortgage rates, have contributed to high costs. Treasury Secretary said this week that President Trump is exploring how best to address…
Read More
President and Federal Reserve Chair Discuss Interest Rates and Economy
President Trump advocated for the central bank to reduce interest rates now that inflation has stopped. President Donald Trump and Federal Reserve Chair Jerome Powell met in person…
Read More
Federal Reserve Leaves Interest Rates Unchanged
Chair says that inflation and unemployment risk have risen, but more observation is needed. The Federal Reserve decided to keep interest rates at a range of 4.25 percent…
Read More
Labor Department Reports Consumer Prices Dropped in March
Falling gas and used car prices ease inflation. The Department of Labor reported that U.S. consumer prices declined slightly in March for the first time since 2020. The…
Read More
Senators Introduce Bill to Cap Credit Card Interest
Senators Hawley and Sanders seek to limit credit card interest rates to 10 percent. Senators Josh Hawley of Missouri and Bernie Sanders of Vermont jointly introduced a bill…
Read More
Federal Reserve Holds Interest Rates at 4.25 to 4.5 Percent Range
Chairman Powell holds steady as President Trump calls for steeper cuts. The Federal Reserve chose to hold banking interest rates steady at a range of 4.25 to 4.5…
Read More
CFPB Sues Capital One for Cheating Customers Out of $2 Billion in Interest
The bureau alleges the company published misleading communications about new savings accounts. The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against the bank Capital One for…
Read More