Lisa Cook, the governor of the US Federal Reserve, did not violate a rule in filing a property tax deduction for her primary residence, according to foreign media reports. The finding could strengthen Cook's defense of the Trump administration's efforts to remove her from the Federal Reserve committee. Jerry Markey, an assessor for the city of Ann Arbor, said there was "no reason to believe" that Cook violated property tax rules. Cook did sometimes...
On September 16, according to foreign media reports, the real estate tax authority of Ann Arbor, Michigan, said that Federal Reserve Governor Lisa Cook did not violate the rules in declaring a property tax deduction for her main residence. The finding may strengthen Cook's defense against the Trump administration's efforts to remove her from the Federal Reserve committee. Jerry Markey, an assessor for the city of Ann Arbor, said there was "no reason to believe" that Cook violated property tax re...
Mr. Bescent, the Treasury secretary, said he did not expect a sell-off in US assets in the bond market. This is one of the occasional shocks in the trading world. I have seen increased foreign competition in US debt auctions. The dollar remains the global reserve currency. There is no evidence that sovereign investors are selling US assets.
White House cryptocurrency chief David Sacks sidestepped questions about potential cryptocurrency conflicts of interest for US President Donald Trump in an interview on Friday, saying his personal digital asset projects, such as the controversial meme coin, were "unrelated" to government policy. When asked whether Trump's cryptocurrency project would affect industry regulation, Sacks said: "I don't think it has any impact, it has nothing to do with what we do here." Later, when asked if Trump...
Federal Reserve Kashkari: We need to see more evidence that inflation is cooling, possibly with a rate cut at the end of the year.
Federal Reserve Williams: There is ample evidence that monetary policy is restrictive.
Federal Reserve Chairperson Jerome Powell: If we want to raise interest rates, we need to see evidence that policy is not sufficient to bring inflation down to our target level.