NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Gleammour AquaFresh
NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Home Local News Fed Holds Meeting with Trump’s New Appointee and Another Governor He Plans to Replace

Fed Holds Meeting with Trump’s New Appointee and Another Governor He Plans to Replace

Fed convenes meeting with a governor newly appointed by Trump and another he wants to oust
Up next
Trump calls King Charles an 'elegant gentleman' as he jets to the UK
Trump Praises King Charles, Describing Him as an ‘Elegant Gentleman,’ Before Traveling to the UK
Published on 16 September 2025
Author
NewsFinale Journal
Share and Follow
FacebookXRedditPinterestWhatsApp


FILE – Board of Governors of the Federal Reserve member Lisa Cook, speaks during a conversations with leaders from organizations that include nonprofits, small businesses, manufacturing, supply chain management, the hospitality industry, and the housing and education sectors at the Federal Reserve building, Sept. 23, 2022, in Washington. (AP Photo/Manuel Balce Ceneta, File)
Stephen Miran testifies during a Senate Banking Committee hearing on his nomination to be a member of the Board of Governors of the Federal Reserve System, on Capitol Hill Thursday, Sept. 4, 2025, in Washington. (AP Photo/Mariam Zuhaib)

Copyright 2022 The Associated Press. All rights reserved.

FILE – Board of Governors of the Federal Reserve member Lisa Cook, speaks during a conversations with leaders from organizations that include nonprofits, small businesses, manufacturing, supply chain management, the hospitality industry, and the housing and education sectors at the Federal Reserve building, Sept. 23, 2022, in Washington. (AP Photo/Manuel Balce Ceneta, File)

WASHINGTON – After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.

Stephen Miran, a top White House economist who was confirmed by the Senate with unusual speed late Monday, was sworn in Tuesday as a member of the Fed’s board of governors. He will vote on the Fed’s interest rate decision on Wednesday, when the central bank is expected to reduce its key rate by a quarter-point. Miran may dissent in favor of a larger cut.

Also attending the meeting is Fed governor Lisa Cook, whom the Trump administration has sought to fire in an unprecedented attempt to reshape the Fed, which historically is considered independent of day-to-day politics. An appeals court late Monday upheld an earlier ruling that the firing violated Cook’s due process rights. A lower court had earlier also ruled that President Donald Trump did not provide sufficient “cause” to remove Cook.

With both officials in place, the Fed’s two-day meeting could be unusually contentious for an institution that typically prefers to operate by consensus. It’s possible that as many as three of the seven governors could dissent from a decision to reduce rates by just a quarter-point in favor of a half-point. That would be the first time since 1988 that three governors have dissented. Economists also say that one of the five regional Fed bank presidents who also vote on rates could dissent in favor of keeping rates unchanged.

On Tuesday, the White House said it would appeal Cook’s case to the Supreme Court, though did not specify when.

“The President lawfully removed Lisa Cook for cause,” White House spokesman Kush Desai said. “The Administration will appeal this decision and looks forward to ultimate victory on the issue.”

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Share and Follow
FacebookXRedditPinterestWhatsApp
You May Also Like
LIVE: Funeral service held for former vice president Dick Cheney
  • Local News

Watch Live: Honoring the Legacy of Former Vice President Dick Cheney at His Funeral Service

In a significant gathering of political figures, former President Joe Biden is…
  • NewsFinale Journal
  • November 20, 2025
Pinellas Democrat files to challenge Rep. Luna, flip district blue
  • Local News

Pinellas Democrat Launches Campaign to Unseat Rep. Luna and Turn District Blue in 2024 Election

ST. PETERSBURG, Fla. (WFLA) — As the countdown begins to the upcoming…
  • NewsFinale Journal
  • November 20, 2025
Trump administration announces plan for new oil drilling off the coasts of California and Florida
  • Local News

Trump Administration Unveils Controversial Offshore Drilling Plans for California and Florida Coasts

In a bold move that has sparked significant debate, the Trump administration…
  • NewsFinale Journal
  • November 20, 2025
Funeral service to honor former Vice President Dick Cheney
  • Local News

Nation Bids Farewell: Honoring Former Vice President Dick Cheney in Memorial Service

The Washington National Cathedral will host the funeral service for former Vice…
  • NewsFinale Journal
  • November 20, 2025
FILE - In this May 7, 2020, file photo, the entrance to the Labor Department is seen near the Capitol in Washington. (AP Photo/J. Scott Applewhite, File)
  • Local News

Government’s Delayed Report Reveals U.S. Employers Added a Robust 119,000 Jobs in September

WASHINGTON (AP) — After a seven-week delay due to the federal government…
  • NewsFinale Journal
  • November 20, 2025
Florida man convicted raping, killing his former manager is set to be executed
  • Local News

Florida Man Faces Execution for Heinous Crime Against Former Boss

STARKE, Fla. (AP) — A man convicted of the 1988 rape and…
  • NewsFinale Journal
  • November 20, 2025
An autoimmune disease stole this man's memory. Here's how he's learning to cope
  • Local News

Autoimmune Condition Erases Man’s Memory: Discover His Journey to Recovery and Adaptation

Christy Morrill referred to a harrowing chapter of his life as “my…
  • NewsFinale Journal
  • November 20, 2025
She plays 'Amazing Grace' in the most remote practice room on Earth
  • Local News

Discover the Soul-Stirring Rendition of ‘Amazing Grace’ in Earth’s Most Isolated Practice Room

WELLINGTON – In the icy expanses of Antarctica, maintaining musical prowess requires…
  • NewsFinale Journal
  • November 20, 2025
Kathleen Turner seen in wheelchair amid debilitating health battle
  • US

Kathleen Turner Spotted in Wheelchair as Health Challenges Intensify

Kathleen Turner recently stepped into the spotlight at the Citymeals on Wheels…
  • NewsFinale Journal
  • November 20, 2025
New England serial killer accused of new murders as authorities uncover decade-long crime spree: DA
  • US

Decade-Long New England Serial Killer Crime Spree Unveiled: DA Charges Suspect with Multiple Murders

Authorities have revealed the identity of a suspected serial killer in New…
  • NewsFinale Journal
  • November 20, 2025
6-year-old may never walk again after crash in Groveland
  • Local News

Tragic Groveland Accident Leaves 6-Year-Old Facing Possible Permanent Mobility Loss

ORLANDO, Fla. – A tragic accident has left a six-year-old boy from…
  • NewsFinale Journal
  • November 20, 2025
Mom brought son to hospitals more than 20 times: Prosecutors
  • Crime

Prosecutors Reveal Shocking Case: Mother Allegedly Brings Son to Hospitals Over 20 Times in Potential Medical Child Abuse

Background: News footage of Jennifer Parker in court on Nov. 19 (WLWT).…
  • NewsFinale Journal
  • November 20, 2025
NewsFinale Journal
  • Home
  • Terms and Conditions
  • Sitemap
  • DMCA
  • Advertise Here
  • Donate
Go to mobile version