Truthout
Menu
Social Media
Sections
© 2026 Truthout
Federal Reserve
New York Federal Reserve Gave Wall Street Over $420 Billion in the Past 7 Months
Massive, unprecedented payouts with few strings attached could signal that big banks are seriously short on cash.
Fed Chair Says He Won’t Bow to Trump “Intimidation” Amid DOJ Criminal Probe
“This is an effort to create an autocratic state. It’s that plain,” said Sen. Chris Murphy.
Federal Agencies May Soon Lose Power to Regulate Independently of Trump’s Will
SCOTUS has signaled a willingness to no longer insulate agency personnel from decisions made by the executive branch.
Judge Rules Against Trump’s Attempt to Fire Fed Board Governor Lisa Cook
The district court judge also granted Cook's request for a temporary injunction, allowing her to remain in her post.
Trump Accuses Foes of Mortgage Fraud, Doesn’t Look Into His Own Cabinet Members
At least three of Trump’s cabinet members call multiple homes their primary residences on mortgages.
Federal Reserve Governor Lisa Cook Sues Trump Over His Attempt to Fire Her
Trump has also threatened to fire Fed Chair Jerome Powell as he pushes the central bank to cut interest rates rapidly.
Trump Pretends “Big Beautiful Bill” Credit Downgrade Has Somehow Been Fixed
Trump falsely claimed the US has the best credit rating in the world.
Interest Rate Cuts Now Could Help Workers. But That’s Not Who the Fed Serves.
Progressive economist Gerald Epstein says the Fed is more sensitive to the needs of the wealthy few than the rest of us.
WSJ Reports Trump Allies Drafting Plan to Give Him Control Over Fed If Reelected
Trump recently suggested the Fed's indication that interest rate cuts may be coming soon is a ploy to help Democrats.
Fed Reserve Rate Hikes May Set Stage for Financial Crises in Global South
Monetary policy to control inflation in the U.S. has significant impacts on poor and indebted nations.