one18
US Fed FOMC Meeting Live Updates: The US Federal Reserve is set to announce its policy decision on Wednesday, September 17 (local time), which is most likely to be its first rate cut this year. The same is set to come at the back of a weakening labour market, stubborn inflation and US President Donald Trump's push for lower borrowing costs. Earlier this week, Trump even predicted a "big cut" from the US Fed. "I think you have a big cut. It's perfect for cutting," he told reporters on Sunday. The US dollar approached its lowest level since March 2022 ahead of the US Fed decision. The US job growth cooled in August with the unemployment rate increasing to its highest level since 2021. Meanwhile, inflation in the US remains above the Fed's 2% goal and could increase further if the tariffs push costs up.
World
C
CNBC TV18•20-01-2026, 08:13

Fed Chair Powell to Attend Supreme Court Argument on Lisa Cook Firing Case

  • •Federal Reserve Chair Jerome Powell will attend the Supreme Court's oral argument regarding the attempted firing of Fed governor Lisa Cook.
  • •The case questions whether President Donald Trump can fire Cook, an unprecedented attempt to remove a Fed board member.
  • •Powell's attendance is an unusual public show of support, following his recent condemnation of Trump administration subpoenas against the Fed.
  • •The Trump administration accuses Cook of mortgage fraud, which she denies; no charges have been filed.
  • •If Trump succeeds, he could appoint a new member, potentially gaining majority influence on the Fed's board.

Why It Matters: Fed Chair Powell publicly supports Lisa Cook in a Supreme Court case challenging Trump's attempt to fire her.

Read Full Article on Cnbc in English
✦

More like this

Loading more articles...