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Trump to appoint new Fed board member

Fed Governor Adriana Kugler Resigns Early in Boost for Trump: What To Know

Trump has launched a series of scathing attacks on Powell over his refusal to reduce interest rates. The president claimed that the central banker is "TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job of Fed Chair" in a post on his Truth Social website on Thursday.

CNN on MSN · 13h

A Fed governor is resigning, opening a spot for a Trump appointee

A member of the Federal Reserve’s Board of Governors announced Friday that she is resigning several months before the end of her term, handing President Donald Trump an early opportunity to fill a key vacancy.

USA TODAY on MSN · 13h

Trump to appoint new Fed board member after governor Kugler announces resignation

Kugler's resignation gives Trump an opportunity to at least partially shape the Fed's makeup to his liking ahead of her original departure date. Kugler, a Biden-appointed governor, joined the seven-member board in 2023 and was set to serve through January 2026.

Trump, Fed and US labor

Reuters on MSN · 4h

Trump fires US labor official over data and gets earlier than expected chance to reshape Fed

In a second surprise economic policy development, Fed Governor Adriana Kugler unexpectedly announced her resignation on Friday afternoon.

Bloomberg on MSN · 10h

Trump Fires Data Chief on Bad Job News, Gets Chance to Tilt Fed

President Donald Trump got some bad economic news Friday, and responded by shooting the messenger. Trump fired the head of the Bureau of Labor Statistics, hours after it sent markets tumbling with a report that showed a dramatic slowdown in US hiring.

Hosted on MSN · 13h

Data credibility fears fueled after Trump orders firing of labor official

By Davide Barbuscia NEW YORK (Reuters) -Sharp downward revisions to past jobs data on Friday, followed by Trump’s sudden order to fire the head of the Bureau of Labor Statistics, stoked investor fears about the integrity of economic data and the Fed’s ability to read the true state of the economy.

2 Fed dissenters said they're worried about job market

Reuters on MSN · 16h

Weakening US jobs market hits center of Fed rate policy debate

Surprisingly weak July hiring data released on Friday highlighted a fractious Federal Reserve debate over whether the central bank should have cut interest rates when it met this week, as it offered some support to those who’d favored an easing in borrowing costs.

MarketWatch · 23h

The two Fed dissenters said they're worried about job market

The two dissenters from the Federal Reserve's decision to hold policy steady both said they wanted lower rates because of concerns about the labor market. Fed Vice Chair Michelle Bowman said the labor market "shows increasing signs of fragility.

The Gazette · 21h

Fed officials Bowman, Waller link their policy dissents to job market concerns

"With economic growth slowing this year and signs of a less dynamic labor market, I saw it as appropriate to begin gradually moving our moderately restrictive policy stance toward a neutral setting," Fed Vice Chair for Supervision Michelle Bowman said in a statement.

Federal Reserve, rates

Barron's on MSN · 13h

The Jobs Report Stunned. The Fed Has to Recalculate.

The Fed’s next policy meeting is six weeks away. That leaves time for another jobs report, fresh inflation data, and the Jackson Hole symposium later this month. What’s clear now is that a September rate cut may be necessary, but that the decision won’t be easy.

CNN · 2d

The Fed may cut rates later this year. Here’s how to get the most from your cash savings now

Despite unprecedented public needling from President Donald Trump to lower interest rates, the Federal Reserve board stood pat on Wednesday.

The New York Times · 23h

Fed Dissenters Defend Call for July Rate Cut as Trump Intensifies Attacks

The central bank this week kept interest rates steady for a fifth-straight meeting, prompting the first double dissent from members of the powerful Board of Governors since 1993.

Trade And OBBB Deals Sealed, Fed Dread, And AI/Meme Dreams

As the stock market reached new all-time highs, investors had plenty to juggle - both in Washington, D.C., and on Wall Street ...

14h

The Fed's Preferred Inflation Gauge Shows Rising Price Pressures

Inflation picked up in June, as measured by the Federal Reserve's preferred gauge, reflecting the continued price pressures ...

17hon MSN

Fed’s Dissenters Were Worried About Jobs. Now We All Are.

The Federal Reserve released dissenting statements from two officials early Friday morning, revealing internal disagreements ...

16h

Municipal Bonds Rally as Investors Bet on Earlier Fed Rate Cut

Municipal bonds are rallying on Friday, along with US Treasuries, after softer US jobs data spurred bets that the Federal ...

18hon MSN

US payrolls revisions jolt markets, making Fed look behind the curve

News of a surprise weakening in the U.S. labor market last month jolted investors on Friday, as hefty revisions to past ...

13hon MSN

Shockingly bad jobs report reveals a monthslong stall and may trigger Fed rate cuts soon. ‘Powell is going to regret holding rates steady’

The U.S. labor market looks much weaker than previously thought, and Wall Street now expects the Federal Reserve to resume ...

19h

Trump calls Powell a 'stubborn moron' and urges Fed board to seize control of central bank

President Donald Trump expressed more ire with Fed Chair Jerome Powell on Friday and called for the Federal Reserve's board ...

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