Tag Archives: Fed

WASHINGTON | Xinhua |  U.S. President Donald Trump on Monday fired Federal Reserve Governor Lisa Cook over allegations that she committed mortgage fraud. “Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed …

  COMMENT | STUART P.M. MACKINTOSH | Donald Trump is back in the White House, and the technocrats are running for cover. Trump has made clear his desire to dismantle the “deep state,” which he depicts as a shadowy network of bureaucrats who “weaponize” the “power of the state” to “persecute …

New York, US | Xinhua |  The U.S. dollar fell on Wednesday, after the Federal Reserve delivered a widely-expected interest rate hike. The dollar index, which measures the greenback against six major peers, fell 0.49 percent to 100.9027 in late trading. The Federal Open Market Committee (FOMC) decided to raise …