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Trump to appoint new Fed board member

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 · 10h

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

Federal Reserve governor Adriana Kugler is stepping down from the central bank's board, giving President Donald Trump the chance to appoint an early replacement amid his monthslong campaign to badger Fed officials into lowering interest rates.

Bloomberg on MSN · 10h

Fed Governor Kugler to Resign, Opening Spot for a Trump Pick

Federal Reserve Governor Adriana Kugler will step down from her position on the central bank’s board, the Fed announced Friday, handing President Donald Trump a sooner-than-anticipated opportunity to install a new policymaker who aligns with his vision for interest rates.

Trump, Fed and US labor

Reuters on MSN · 1h

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 · 9h

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 · 10h

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.

Federal Reserve, rates

The New York Times · 21h

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.

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.

Forbes · 14h

Mortgage Rate Outlook: Should You Lock Now Or Wait For Possible Fed Cuts?

Americans shopping for a mortgage may want to hold tight for now. At its July 30 meeting, the Federal Reserve did not deliver a rate cut. The majority of members voted to leave the federal funds rate unchanged at 4.

2 Fed dissenters said they're worried about job market

Reuters on MSN · 14h

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 · 20h

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 · 18h

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.

11h

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 ...

14hon 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 ...

13h

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 ...

15hon 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 ...

11hon MSN

The Fed’s September Rates Decision Just Got More Complicated

The Fed’s next policy meeting is six weeks away. That leaves time for another jobs report, fresh inflation data, and the ...

16h

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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