close Video NEWYou can now listen to Fox News articles! The Trump administration on Thursday asked the Supreme Court to set aside lower court decisions barring President Donald Trump from dismissing Federal Reserve Governor Lisa Cook. The new request, which was expected, came on the heels of Cook's»»»

The time has come to ban the “revolving door” between the White House and the Federal Reserve, two academics argued last year. Doing so would be “critical to reducing the incentives for officials to act in the short-term political interests of the president”, they wrote. Eight months ago, the two w»»»

A striking 12-foot golden statue of President Donald Trump holding a Bitcoin has been unveiled outside the US Capitol on 3rd Street. A striking 12-foot golden statue of President Donald Trump holding a Bitcoin has been unveiled outside the US Capitol on 3rd Street, drawing crowds and controversy ju»»»

Article contentUnited States Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this year following months of intense pressure from the White House to slash borrowing costs. Article contentChair Jerome Powell pointed to »»»

The Federal Reserve on Sept. 17, 2025, cut its target interest rate as it shifts focus from fighting inflation to supporting the choppy labor market. As financial markets expected, the Fed lowered rates a quarter point to a range of 4% to 4.25%, its first cut since December 2024. The Fed’s decision»»»

The central bank’s cut comes amid a cooling labour market, which has stalled economic growth. The United States Federal Reserve will cut interest rates by a quarter of a percentage point, so they will now be between 4.00 percent and 4.25 percent, as a slowing labour market stalls economic growth. T»»»