Monetary policy

Fed’s Barr skeptical that inflation has been tamed

Federal Reserve Gov. Michael Barr said in a speech Thursday that he fears the gradual pace of price increases from tariffs being passed on to consumers may prolong the one-time inflationary effect of the tariffs to the point where it affects consumers' inflation expectations.

By John Heltman
Washington Bureau Chief
American Banker

Supreme Court to hear Fed Gov. Cook case in 2026

The Supreme Court said Wednesday that it would defer President Donald Trump's request for a stay until after oral arguments scheduled for January 2026, allowing Federal Reserve Governor Lisa Cook to remain on the board at least until then.

By Maria Volkova
Reporter
National Mortgage News

Fed’s Adriana Kugler to step down

The Federal Reserve governor's term was set to expire in January and President Donald Trump has made it clear that she would not be reappointed. The vacancy will give Trump an opportunity to appoint someone new to the central bank's board.

By Kyle Campbell
Staff writer
American Banker

Powell unbowed by pressure to cut rates in July

Federal Reserve Chair Jerome Powell was noncommittal about cutting interest rates at the central bank's next monetary policy meeting in July, saying future actions will depend on incoming data. His comments come as President Trump ramps up his criticism of the Fed chair.

By Kyle Campbell
Staff writer
American Banker