Cook responded to Pulte in a statement, "I have no intention of being bullied to step down from my position because of some questions raised in a tweet."

The administration accused the official, Lisa Cook, of mortgage fraud and said it would refer the matter for criminal investigation.

Almost all” officials backed July’s interest-rate decision, even though two governors backed a rate cut, according to a meeting summary.

President Trump escalated his attacks on the Federal Reserve by demanding the resignation of Fed Governor Lisa Cook over unproven mortgage fraud allegations, which she denies.

Minutes from the Federal Reserve’s July meeting showed policymakers grappling with a slowing labor market and inflation that remains above the central bank’s target.

The Federal Reserve is conducting technical research on the latest innovations, including tokenization, smart contracts, and artificial intelligence (AI) in payments, Governor Christopher Waller said at the Wyoming Blockchain Symposium on Aug. 20. This is a developing story.

The two Federal Reserve policymakers who dissented against the U.S. central bank decision's to leave interest rates unchanged last month appear not to have been joined by other policymakers in voicing support for lowering rates at that meeting,

Stocks finished mixed on Wednesday, with the Dow Jones Industrial Average securing a back-to-back gain and the S&P 500 dropping for a fourth consecutive day, after the Federal Reserve's most recent [m