US central bank
Coverage of US central bank in the Nexus archive.
- Supreme Court punts on future Fed firings
The Supreme Court allowed President Donald Trump to attempt firing Federal Reserve officials but blocked his removal of Fed Governor Lisa Cook, citing due process violations. The Court did not define the grounds for future Fed firings, leaving the issue unresolved. Trump has vowed to try again, and experts suggest the ruling does not fully protect Federal Reserve independence.
- Warsh launches his push to change how the Fed operates
Federal Reserve Chairman Kevin Warsh made waves at his first press conference as head of the U.S. central bank by launching a push to change how the Fed operates.
- Ex-US Fed Chair Powell warns against politicisation amid Trump’s attacks
Jerome Powell warns against politicisation of the US central bank amid attacks from Trump. He states the institution is undergoing a 'stress test' similar to others in the current era.