President Donald Trump's administration asked the U.S. Supreme Court on Thursday to let him move ahead with firing Federal Reserve Governor Lisa Cook - a move without precedent since the central bank's founding in 1913 - in a legal battle that imperils the Fed's independence. ...

Central Bank Independence - The Fed has good reason to resist political bullying based on economic principles [1] - Markets' reaction may determine the fate of the Fed's independence [1] Political Pressure - Donald Trump tried to fire a Fed governor, which is unusual [1] - Donald Trump isn't the first president to put pressure on the central bank [1]

Fast Company Innovation Festival Ticket Giveaway—Enter now! LOGIN SUBSCRIBE | FastCo Works advertisement BY Associated Press Listen to this ArticleMore info 0:00 / 0:00 A Senate committee on Wednesday approved the nomination of White House economic adviser Stephen Miran to the Federal Reserve's board of governors, setting up a likely approval by the full Senate, which would make Miran the third Trump appointee to the seven-member board. The White House has pushed for an expedited Senate approval of Miran ...

Federal Reserve Policy & Interest Rate - A rate cut in September may be appropriate, but the Fed remains data dependent [3] - The market is pricing in two more rate cuts after September, which may not be accurate [4] - Commentary from Fed officials since Jackson Hole has been cautionary regarding the pace of rate cuts [5] - Inflation numbers are not necessarily giving comfort to the need for a campaign of cutting rates just yet [5] Job Market Analysis - The job market is cooling, but not cold, with the unemployment rate at 43%, which is not alarming [2] - The jobs report was roughly as expected [2] Market Reaction & Financial Conditions - Markets want validation of their expectation that the Fed will start to be more accommodative [7] - Markets may be building in expectations a little ahead of themselves [7] - Financial conditions are pretty accommodative, suggesting a mixed picture [7][8] - Markets are looking for the news they want to hear, as opposed to a more balanced picture [8] - The Russell 2000 is up over 1%, with equities moving higher on potentially bad news [6] Credibility of Economic Data - The numbers have always been credible [9][11] - Large revisions were due to the federal government's slow reporting, especially during downturns [10] Fed Independence Concerns - The Fed's independence is questioned with the nomination of Steven Moran, who would keep a job in the administration [11][12] - The market should be paying attention to moves against the independence of the Fed [13] - The market has shrugged at this in terms of equities and the bond market [14]

Wall Street strategists see signs that investors are becoming more concerned about the Fed's independence https://t.co/yIAoYhaFik ...

Some breaking news this morning as Fed Governor Lisa Cook files a lawsuit to contest her firing by President Trump, saying the quote for cause provision is essential to protecting the Fed's independence and does not support removal over policy disagreements. That lawsuit comes after another firing in the past 24 hours. The White House says it has dismissed CDC director Susan Monores.Uh at least four other top officials at the agency also said they would step down in protest. the firings at the CDC and the F ...

On today’s Big Take Podcast, @Sarahsholder and @mckonomy break down questions about the Fed's independence following President Trump’s move to oust Lisa Cook. https://t.co/kmGe09Qy3f ...

Hi, Mr. . Chairman. Jay O'Brien, ABC News.President Trump has obviously invoked your name a lot. He has personally pressured you. Are you concerned the way that conduct might impact the Fed's independence going forward.I'll just say that um so I I think that having an independent central bank has been an institutional arrangement that has served the public well and as long as it serves the public well, it should continue and be respected. If it didn't serve the public well, then then it wouldn't be somethin ...

I actually think the most important thing going on right now in terms of the Fed's independence is what's happening for the the successor to the Fed chairman. The president is making very clear that his successor is expected to cut interest rates. So, whoever gets the job is going to have to make some implicit or explicit promise to the president of the United States that he's cutting interest rates.And to me, that's compromised independence. Do you think that the Fed should be an independent entity of the ...

Is the Fed truly independent. Absolutely the Fed is. I think Chairman Powell has been very clear about that.He uh is consistent in that messaging and you know what they do uh is really based on the data. They they're very consistent with that. Uh they're going to react to the data. They're not going to react to outside forces to determine the path of of monetary policy.And that comes down to picking the Fed chair as well, right. I mean, you would hope that the FOMC members are not just calling for rate cuts ...