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Probe follows a lawsuit filed by Cook challenging Trump firing her from the central bank on mortgage fraud allegations. Published On 4 Sep 20254 Sep 2025 The United States Department of Justice has launched a criminal mortgage fraud probe into US Federal Reserve Governor Lisa Cook. The Justice Department has also issued grand jury subpoenas…
Probe follows a lawsuit filed by Cook challenging Trump firing her from the central bank on mortgage fraud allegations. Published On 4 Sep 20254 Sep 2025 The United States Department of Justice has launched a criminal mortgage fraud probe into US Federal Reserve Governor Lisa Cook. The Justice Department has also issued grand jury subpoenas…
BREAKINGBREAKING, The decision also drew dissent from two of the central bank’s governors, both appointees of US President Donald Trump, a first in more than 30 years. Despite pressure from the White House, the United States Federal Reserve will hold interest rates steady at 4.25-4.50 percent, on par with economists’ expectations as tariff-driven uncertainty weighs…
Trump shifts tone on Fed Chair Powell, calling him ‘a very good man’ after their meeting on interest rates. US President Donald Trump says he had a positive meeting with Federal Reserve Chair Jerome Powell and gained the impression that the central bank’s head might be ready to lower interest rates. The two men met…
United States President Donald Trump arrived at the Federal Reserve’s headquarters in Washington to tour the site of a $2.5bn renovation of two historical buildings, which the White House criticises as overly costly and ostentatious, as tensions escalate between the administration and the independent overseer of the nation’s monetary policy. Thursday’s rare presidential visit to…
A group of African countries is set to launch a bank to fund oil and gas projects amid growing reluctance by Western institutions to further invest in fossil fuels. The long-planned “Africa Energy Bank” that is expected to take off soon was announced last June as a joint initiative by the African Export-Import Bank (Afreximbank)…
Consumer watchdog said new rule would lead to rising credit scores and an additional 22,000 low-cost mortgages annually. Two groups representing the credit reporting and credit union industries have filed a lawsuit challenging a new rule adopted by US President Joe Biden’s outgoing administration banning the inclusion of medical debt in American consumers’ credit reports….
