Trump administration

The announcement comes after several news reports that Stephen Moore would not back down from his anticipated nomination to serve on the Fed despite growing concerns from Republican senators.

President Donald Trump suggested Tuesday that if the Federal Reserve cut interest rates by one percentage point and resumed bond purchases it would boost the economy “like a rocket,” as central bank policy makers met to decide on where to set borrowing costs.

President Donald Trump’s top economic adviser said the White House still backs Stephen Moore for a position on the Federal Reserve Board despite growing criticism over past comments deriding Midwestern cities and women.

President Donald Trump said he won’t nominate Herman Cain for a seat on the Federal Reserve Board after opposition from his own Republican party appeared to sink the former pizza company executive’s hopes for Senate confirmation.

The White House is interviewing candidates to potentially replace Herman Cain and Stephen Moore as Donald Trump’s picks for the Federal Reserve Board, the president’s top economic adviser said.

Federal Reserve Chairman Jerome Powell asserted the Fed doesn’t consider political pressure in any way.

Stephen Moore, a proposed nominee for the Federal Reserve, said he’s planning to challenge the belief inside the U.S. central bank that growth causes inflation.

At least three Republican senators said they won’t back President Donald Trump’s choice of Herman Cain for the Federal Reserve Board, putting his prospective nomination in danger.

The U.S. budget deficit widened to $691 billion in the first half of fiscal 2019 as spending outpaced an increase in revenue.

President Trump said that it’s up to Herman Cain to determine whether he can win Senate confirmation.

President Donald Trump intends to nominate Herman Cain for a seat on the Federal Reserve Board, according to people familiar with the matter.

President Trump fired a fresh broadside at the Federal Reserve for raising interest rates last year, saying the economy is in good shape “despite the unnecessary and destructive actions” taken by the central bank.

Sens. Sherrod Brown, D-Ohio, and Ron Wyden, D-Ore., pressed Stephen Moore for details about reports that he owes more than $75,000 in taxes and failed to pay more than $300,000 in alimony and child support.

President Trump’s top economic adviser said the president stands by his choice of Stephen Moore for an open seat on the Federal Reserve Board despite recent reports about the possible nominee’s failure to fully pay taxes and alimony.

President Trump blasted the central bank for “mistakenly’’ raising interest rates and for a “ridiculously timed’’ reduction in its balance sheet.

White House chief economic adviser Larry Kudlow called on the Federal Reserve to “immediately” cut interest rates by a half percentage point.

The addition of the conservative pundit could signal the Trump administration's intent to have a more direct hand in central bank policies, yet Moore could experience his own transformation as a Fed governor.

Stephen Moore, whom President Donald Trump said he’ll nominate for a seat on the Federal Reserve, owes more than $75,000 in taxes and other penalties, according to the U.S. government.

The White House’s chief economist raised questions Wednesday whether President Donald Trump would go ahead and nominate Stephen Moore to the Federal Reserve board after the conservative pundit made controversial comments about central bank policy.

Stephen Moore, who Donald Trump may nominate for a seat on the Federal Reserve Board, said the central bank should immediately reverse course and lower interest rates by half a percentage point.